Ethereum Nears $3,600 as Whales Potentially Target Leveraged Longs for Liquidations

Key Points

1. Ethereum’s price near $3,600 is a crucial leverage liquidation threshold, with over $3.5 billion in leveraged long positions at risk of forced exits.

2. Whales are strategically targeting the $3,600 zone to exploit market fragility, as seen in high-profile leveraged trades like Aguila Trades’ 15x long at $3,650.

3. Recent liquidations, including 7,160 ETH worth over $26 million, highlight market stress and the potential for a domino effect in price declines.

4. Data from LitixApp shows a concentration of leveraged positions just below $3,600, increasing the risk of widespread liquidations if the price drops.

5. Whales and institutions have increased Ethereum holdings by 43,591 ETH ($145 million), indicating significant market activity amid volatility.