🚨 Ethereum is about to enter the "Liquidation Death Triangle", with $2.6 billion positions waiting to be triggered
Latest Coinglass data shows:
📈 Upside breakout point (short liquidation zone)
If ETH breaks above $3,243
→ The cumulative short liquidation intensity on major CEXs will reach $1.596 billion
📉 Downside breakdown point (long liquidation cliff)
If ETH falls below $2,936
→ The long liquidation intensity could reach $1.064 billion
This means:
👉 ETH has been pushed into a large volatility zone that is about to be activated
👉 Combined, there's a $2.6 billion powder keg, just a fuse away
👉 Every 1% fluctuation from here on could ignite a significant chain reaction of liquidations
Market sentiment is rapidly tightening, waiting for that moment of direction.
I am currently bearish on ETH in the long term, patiently waiting.
