$ETH
Liquidations of longs on Ethereum have reached a historical peak
📈 The 30-day moving average of long position liquidations for ETH across all exchanges has updated its maximum (at the level of May 2021).
🟠 On Binance, the pressure is slightly weaker: the 30DMA is close to the peak of July 2021. Previously, such a concentration of liquidations was observed only twice — in December 2024–February 2025 and now.
📊 On average, over $130 million in longs are burned daily, of which $12+ million comes from Binance.
💡 The market is overloaded with leverage, derivatives are pulling it into a zone of increased volatility. Such peaks have historically become triggers for major reversals: either the beginning of a deep correction or the final 'cleaning' before a new upward impulse.
🔎 The repetition of the level of May 2021 raises concerns, but the current stability of the spot market and limited decline in the market may indicate that this is the final stage of liquidations. If the pressure eases in the coming days — the signal may turn out to be bullish.