Over $3.5 billion in Ethereum leveraged longs now sit below $3,650, creating prime liquidation targets for market-moving whale entities.
Aguila Trades suffered a $26.17 million liquidation at $3,650, confirming whales are actively targeting exposed high-leverage positions on ETH.
Price action near $3,600 shows Ethereum has entered a critical leverage zone, where downward pressure could trigger cascading liquidations quickly.
Ethereum has dropped into a high-leverage danger zone, with whales now eyeing the $3,600 level for potential mass liquidations. Retail traders holding aggressive long positions may face increasing risks if ETH continues to fall.
Whales Eye $3,600 to Trigger Mass Liquidations
According to CW8900, Ethereum has entered an area stacked with high-leverage long positions. These longs remain vulnerable below $3,600, a price level that could trigger massive liquidations.
https://twitter.com/CW8900/status/1947520497471918201
Moreover, whales are unlikely to allow retail traders to profit easily from overleveraged positions. They may drive prices lower to flush out weak hands.
Hence, ETH dipping toward $3,600 is not just technical—it’s a calculated move by larger players to reset the board.
Besides, with liquidity clustered in that zone, price manipulation becomes easier and more profitable for the big players.
Whale Liquidation Confirms Market Stress
CoinCraze Central reported a recent liquidation that shocked the market. A whale, Aguila Trades, lost around 7,160 ETH—valued at $26.17 million.
The trade was a 15x leveraged long position and got liquidated precisely at $3,650. That price aligns with the accumulation zone highlighted by CW.
Consequently, this event confirms that significant liquidations are already underway. It could also be a warning that more pain lies ahead for high-leverage bulls.
Additionally, this liquidation may trigger further sell pressure as more positions get squeezed into forced exits.
Leverage Load Threatens Market Stability
LitixApp further revealed that over $3.5 billion in leveraged longs now sit just below ETH’s current level.
https://twitter.com/LitixApp/status/1946961685102592406
This heavy leverage could become a catalyst for a cascade of liquidations if price drops slightly.
Significantly, whales thrive in such conditions. They exploit overexposed positions by pushing markets toward critical liquidation thresholds.
Moreover, Michaël van de Poppe suggested a larger correction is likely. He sees this current consolidation around $3,650 as a brief pause before the next major move.
However, if ETH rebounds with strong volume, it could delay the whale-led shakeout.
Conclusion
Ethereum sits at a tipping point. With leveraged longs stacked below $3,600, whales are circling. If the market slips further, expect aggressive liquidations and deeper downside pressure.
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