ETH liquidation alert sounds the alarm: a "chain liquidation" may be on its way!

Ethereum's recent volatility has increased, and on-chain leverage levels are already high.
What does this mean?
The market has entered a "highly sensitive state."
The liquidation mechanism is simple:
Price drops → liquidation → drops further → more liquidations
Creating a chain reaction.
The key issue now is:
Too much leverage, and volatility is amplifying.
It's like a room full of gunpowder, just waiting for a spark.
So the short-term trend could be very extreme:
Rapid rise → sudden drop → rebound again
In one sentence:
It's not that the market is unstable, but that there's too much leverage.
#Gate广场五月交易分享