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.
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