Market chatter suggests a price surge for Ethereum (ETH) to $4,400 could potentially trigger short liquidations totaling $928 million. However, this specific liquidation figure lacks verification and remains unconfirmed by major cryptocurrency exchanges or primary data sources.
The Ethereum price rally nearing the $4,400 threshold has fueled speculation about significant forced closures of leveraged short positions. Despite the circulating $928 million estimate, analysts warn that the actual data supporting this precise liquidation amount has not been substantiated by credible exchange information.
Trading desks and analysts advise caution, urging market participants to verify information rigorously. The lack of reliable, exchange-confirmed data backing the scale of potential liquidations underscores the inherent uncertainty surrounding leveraged trades during volatile price movements.