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Just been checking Coinglass liquidation data and noticed something worth paying attention to. ETH is sitting around 2.32K right now, which puts us in a pretty interesting zone for the next moves.
If ETH dips below 2,097, Coinglass shows we're looking at roughly 1.048 billion in long liquidations stacking up across the major exchanges. On the flip side, if we break above 2,317, there's about 718 million in short liquidations waiting. So basically we're sandwiched between two pretty significant levels.
According to Coinglass data, these liquidation walls are worth watching if you're holding positions right now. The long side has more at risk below us, while shorts are getting squeezed tighter above. Just something to keep an eye on over the next few days.