Ethereum liquidation volume approaches $5 billion
According to a report by Jinse Finance, a chart released by @coinbureau shows that Ethereum's liquidation volume is approaching $5 billion, with Ethereum trading at around $4,200 today. At the same time, there are large liquidation clusters at the $2,150–2,160 and $3,940 price levels. Andrew Kang has warned that a significant wave of long liquidations could drag Ethereum ($ETH) down to the $3,200–$3,600 range.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Data: 23.9792 million STRK transferred to an exchange, worth approximately $5.04 million
CBOE to launch Bitcoin and Ethereum perpetual futures contracts on December 15
VanEck Solana ETF is now officially live and trading.
VanEck announces Solana ETF is now listed for trading
