📉 $ETH SHORT-TERM ADJUSTMENT – WHALES & TRADER "SWEATING"
ETH lost the 3,400 USD mark → entering a short-term adjustment trend.
Price sliding in a downtrend channel, at times touching ~2,800 USD, currently around 2.9k USD (-6.9%/24h).
The derivatives market is under significant pressure: unrealized & realized losses have surged.
🐋 ETH whales on Hyperliquid facing difficulties:
One whale (Arkham labeled BitcoinOG) is experiencing an unrealized loss of >54 million USD.
Total Long position in ETH ~700 million USD – the largest on Hyperliquid.
Despite heavy losses, liquidation price is ~2,082 USD → still has a "safety cushion", reflecting long-term confidence.
💥 Futures liquidation explosion:
Derivatives volume +53.5%, but OI -55% → traders forced to exit positions en masse.
2 days recorded ~254 million USD in liquidations, with longs accounting for the majority (~213 million USD).
Machi Big Brother continues to "burn" with long 25x, for the 10th time recently; total losses >22.9 million USD 😵💫.
📊 Short-term momentum weakening:
Stochastic RSI ~17 → oversold zone, selling pressure overwhelming.
If liquidations haven't stopped: ETH might test ~2,700 USD.
For a sustainable rebound: needs to reclaim 3,000 USD, further resistance at 3,436 USD.
👉 Quick conclusion:
$ETH is under strong pressure from the leveraged market. Short-term still volatile, while long-term still needs to wait for the bulls to reclaim the 3k mark to confirm recovery.
😜 This article is for reference only, not investment advice. Whales can withstand volatility due to thick capital, while those using 20–25x should… cherish the "Close" button much more 😂
#Ethereum #CryptoDerivatives #MarketVolatility #RiskManagement #cryptotrading