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A $298K long position in Ethereum (ETH) has been liquidated at $3,361.76, signaling market turbulence.
Currently, ETH trades at $3,370.96, reflecting a slight dip in a volatile session.
Key Highlights:
Intraday Range: $3,352.16 (low) to $3,558.54 (high).
Market Sentiment: Increased volatility continues to dominate, showcasing a tug-of-war between bulls and bears.
Recent Action: This liquidation highlights the risk associated with aggressive leveraged trades amidst unpredictable price swings.
Next Move (Short & Strategic):
Stay cautious!
With $ETH moving near support zones, conservative traders may wait for confirmation of trend direction, while risk-takers might eye opportunities for short-term scalping.
Stop-loss orders are crucial in this volatile environment.
A $52.5K long position on Magic Eden ($ME ) was liquidated at $3.285, signaling heightened market activity.
Current Status:
Price: $3.30
Daily High: $3.71
Daily Low: $2.85
Change: Marginal recovery seen after dipping below the liquidation mark.
Next Move: The market is showing volatility. Traders should remain cautious and wait for confirmation of either a recovery above $3.50 or a further dip below $3.20 to decide the next entry or exit point.
A staggering $76.5K short position was liquidated at $96,689.58, marking another intense moment of Bitcoin's notorious volatility.
Key Highlights:
Current BTC Price: $96,556
Intraday High: $101,210
Intraday Low: $92,192
What Happened?
This liquidation reflects a sharp upward price movement, leaving bearish traders unprepared. It highlights the risks of leveraging shorts in such an unpredictable market.
Next Move?
Potential Upside: Analysts hint at a bullish breakout towards $110,000 if momentum holds.
Cautionary Note: A recent drop below $93,000 indicates that corrections are still in play.
Thrill-seekers, tread carefully—Bitcoin is not for the faint-hearted!