š ETH LIQUIDATION MAP: MARKET NEARS SHORT PRESSURE ZONE
The 7-day Ethereum liquidation map from Coinglass reveals that the market is approaching a critical short-liquidation cluster ā a zone where a potential short squeeze could occur if prices continue to rise.
š» Long-side leverage has been cleared:
The red line (Cumulative Long Liquidation Leverage) has declined steadily from the $2,640 range up to around $3,000. This indicates that most weak long positions have already been flushed out, providing a more stable foundation for any upward movement.
š Short leverage builds around current levels:
The light blue line (Cumulative Short Liquidation Leverage) begins rising right around the current price level of $3,038.4 and increases significantly between $3,080 and $3,120. This zone poses a high risk of a short squeeze, where short positions could be force-liquidated, accelerating upward momentum.
š¦ Heavy concentrations on Bybit and Binance:
The volume bars (especially blue and orange) show that a large portion of the short positions are concentrated on Bybit and Binance. This accumulation increases the likelihood of a sharp move if the price breaks above current resistance.
ā ļø How to read this chart properly:
The bars do not show past liquidations. Instead, they represent open leveraged positions that are at risk of liquidation if price moves into those areas. When a bar exceeds the cumulative leverage curve, it signals a potential trigger zone for rapid volatility.
CONCLUSION:
ETH is approaching a cluster of high short exposure. If bullish momentum pushes the price above $3,080, a sharp move could follow due to forced short liquidations. This is not the time to short recklessly ā traders should watch closely for breakout signals in the $3,080ā$3,120 range.
