🔴 $ETH /USDT just reminded everyone how fast conviction can disappear.
$1.49K in long liquidations got wiped at $2392.77 as price slipped and leveraged bulls were forced out. What looked like a steady climb turned into a sudden shakeout.
This is the market clearing the board.
Long liquidations like this often act as a reset — flushing weak hands and testing whether real demand is still there. If buyers don’t step in, the slide can extend. If they do, it sets up a sharper, cleaner move.
Right now, ETH isn’t choosing direction — it’s stripping the market down before the next decision.