Summary
- Due to Ethereum (ETH)'s continued decline, in the futures market, approximately $100 million worth of long positions were liquidated.
- They reported that Ethereum's price had at one point broken below the $4,000 level, but has slightly rebounded and is trading at $4,017.97.
- They said this large liquidation suggests that short-term investors need to be cautious about volatility risk.
As Ethereum (ETH) continued to decline, large long-position liquidations occurred in the futures market.
On the 25th (local time), according to WatcherGuru, roughly $100 million worth of long positions were liquidated in the Ethereum futures market over the past 60 minutes.
Meanwhile, Ethereum at one point fell to the $4,000 level amid the continued decline. It has since slightly rebounded and is trading at $4,017.97 on CoinMarketCap.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
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