Liquidation pressure: The short positions in ETH within the $2,136–$2,145 range have a liquidation strength of $500–$600 million. If the price breaks through this range, it could trigger a large-scale short squeeze; a downward break below $1,900 risks liquidation of hundreds of millions of dollars in long positions. The Binance ETH/USDT long-short account ratio is 2.1616, indicating retail investors are generally bullish, but whale positions are relatively cautious.