The ETH whale's long position is approaching liquidation, is volatility coming to the crypto world?

Family, the situation with ETH is a bit exciting! There is a whale that has opened a long position in ETH, with a liquidation price of $4,344 for 86,800 ETH, and now the ETH price is $4,386, just under $50 away.

Moreover, this whale's long position has a floating profit of up to $19.27 million.

If the ETH price drops and triggers the liquidation of this whale, it could be a big deal.

A large amount of ETH would be forcibly sold, supply would exceed demand, and the ETH price could plummet, leading to panic spreading, with other investors also selling, causing the entire crypto market to shake, and volatility will definitely increase.

However, if it can stabilize and not trigger liquidation, and this whale continues to hold, it might even spur a wave of increase, after all, they have such a large floating profit and plenty of confidence.

So in the next few days, we need to keep a close eye on the ETH price, as this whale's liquidation line is a key point that can affect the entire market's sentiment and trend.

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