🔴 #EIGEN Long Liquidation Analysis: $5.3378K at $0.43994
This liquidation of #EIGE Longs occurred as the price fell back to around $0.43994, with a liquidation scale of approximately $5.3378K, reflecting increased short-term market volatility and concentrated leverage risks. During the previous rebound, some longs entered at high prices, but as buying momentum weakened and selling pressure increased, the price failed to hold the critical support level, triggering a chain liquidation.
From the market structure perspective, the $0.44 level was originally an important psychological barrier and a liquidity-rich area. Once breached, stop-loss and forced liquidation orders quickly amplified the downward movement. This indicates that current market sentiment remains cautious, with funds preferring short-term operations rather than trend-based holdings. Changes in trading volume also show that the buying power is temporarily insufficient to reverse the situation.
For traders, this liquidation serves as a reminder to strictly control leverage in a high-volatility environment, set reasonable stop-losses, and avoid emotional chasing of prices. Moving forward, attention should be focused on whether effective support can be formed below and whether funds will flow back in. Only when the structure is repaired and volume aligns can the market expect a more robust rebound.
