Ethereum Longs Get Wiped as Liquidations Expose Leverage Imbalance

Ethereum went through a sharp deleveraging event on January 31, marked by aggressive downside continuation and a rapid breakdown in bullish positioning. Price fell decisively from the $3,000 psychological zone into the $2,350 area, triggering widespread long liquidations and confirming a clear shift in short-term market structure. source: https://www.ethnews.com/ethereum-longs-get-wiped-as-liquidations-expose-leverage-imbalance/