Quantum Massacre Warning!! Over 700 million long positions being liquidated will trigger a chain reaction! Those who do not adjust their leverage in time are destined to become fuel.

The market constantly oscillates between extreme greed and fear, and the liquidation line is the ruler that measures sentiment.

Currently, the key price level for Ethereum has become a battleground for bulls and bears.

If it falls below $4600, the liquidation of 726 million long positions will trigger a chain reaction—this is not just the disappearance of numbers, but a stress test for market liquidity.

Looking back at the flash crash of Ethereum in May, a similar scale of liquidation once caused prices to deviate by over 8% in just 15 minutes.

It is worth noting that the current perpetual contract funding rate remains positive, indicating that the market is still leaning towards bullishness. This overly crowded optimistic sentiment itself can amplify liquidation risks.

If Ethereum truly hits $4800 and triggers 924 million short positions, it could become a catalyst for breaking previous highs.

What do you think this liquidation storm will be—a "crisis" or an "opportunity"? Follow me, and tonight I will live stream to review the offensive and defensive tactics at the key price levels of Ethereum. #ETH创历史新高

You are not alone on the bull market road! Follow Mi Ge for daily market companionship, hot alerts, quality project early sharing, and let's traverse the bull and bear markets together! $ETH