ETH Whale Don Open $19.8M 10x Long; $3.6K Liquidation Risk Dey Loom
One big Ethereum whale just sell 1,085 ETH before e open one $19.8 million 10x leveraged long, showing say e believe say rally fit happen soon. Na the time Ethereum dey hover near the koko $3,600 level—where over $3.5 billion leveraged long positions dey just under current prices. Institutional liquidations—like one 15x long at $3,650 wey wipe 7,160 ETH (~$26 million)—show the risk say people fit forced to sell. Traders make dem dey watch volume and price moves around $3,600 because big whale positions plus concentrated leverage fit make market shock well well plus fit cause chain liquidations.
Neutral
Di tori news shine both bullish an bearish tins: one whale wey reopen one $19.8M 10x long show say e get confidence for Ethereum rally, as the concentration for over $3.5 billion inside leveraged longs near $3,600 and old forced liquidations (like 15x long for $3,650 wey clear 7,160 ETH) show say down risk sure. For short term, volatility fit rise as traders go react to whale activity and possible cascades. For long term, if whale belief strong and key levels hold, e fit support upward momentum, but liquidation triggers still dey threat, balance the outlook.