| Cryptocurrency | Price (USDT) |
|---|---|
| BTC | $106400.0100000000 |
| ETH | $2453.0260000000 |
| BNB | $653.1906200000 |
| XRP | $2.1993810000 |
| ADA | $0.5614595000 |
| SOL | $148.8250000000 |
| DOGE | $N/A |
| DOT | $3.3296600000 |
| LTC | $85.4270000000 |
| LINK | $13.1815900000 |
Category: CRYPTO NEWS
The post Ethereum Price Pressure: $4,100 Break Could Trigger $715 Million in Liquidations appeared on BitcoinEthereumNews.com. Recent insights from COINOTAG highlight the volatility surrounding Ethereum as market dynamics shifts at critical price levels. Data from Coinglass indicates that a breakout above $4,100 could trigger substantial short positions, leading to a cumulative *liquidation volume* of approximately $715 million across major centralized exchanges (CEX). Conversely, a decline beneath $3,900 might activate long positions resulting in around $600 million in liquidations. It is essential to note that the liquidation metric does not quantify the precise number of contracts at risk; rather, it reflects the relative strength of potential liquidation clusters. This metric serves as an indicator of market responsiveness, suggesting that when prices approach certain thresholds, the pressure from liquidations could significantly impact market behavior. A heightened “liquidation column” on the chart denotes a more pronounced reaction from the market as liquidity pressures mount, underscoring the importance for traders to remain vigilant amidst these fluctuations. Source: https://en.coinotag.com/breakingnews/ethereum-price-pressure-4100-break-could-trigger-715-million-in-liquidations/
2024-12-16T03:18:14+00:00