Ethereum's 5 Billion Liquidation Tide Hides Crisis!

Recently, the Ethereum market has been tumultuous, with monitoring showing its liquidation scale approaching 5 billion USD, while the current market price hovers around 4200 USD. More critically, dense liquidation clusters have formed at 2150 - 2160 USD and 3940 USD, revealing a potential 'powder keg' of long and short positions. Analyst Andrew Kang warns: large-scale long position liquidations could drag ETH down into the 3200 - 3600 USD range!

The leverage game in the crypto market has intensified, and the chain reaction of liquidations should not be underestimated. Currently, ETH is caught in a tug-of-war between longs and shorts, and the battle over key price levels could trigger price fluctuations. Investors need to be vigilant about liquidation risks, closely monitoring capital flows and sentiment changes—this 'long and short slaughter war' pulls at the market's nerves with every step! #ETH