Ethereum Liquidation Don Reach $45M as ETH Fall Below $4,000
Ethereum liquidation surge for September 25 as ETH price fall below $4,000, wey cause pass $100 million leveraged position for get liquidate inside minutes. For Hyperliquid, whale address 0xa523 force sell all hin 9,152 ETH long position around $3,983, wey cause over $45.3 million losses and e account balance shrink to less than $500,000. This Ethereum liquidation show how high leverage and whale lash ups fit cause wahala when market dey shake. On-chain data show say total long liquidations pass $90 million. Analysis firm AInvest talk say get 73% correlation between whale movement and short-term ETH price waka up and down, meaning say big leveraged position fit make crypto market risk bigger. Traders yarn say government shutdown wahala for U.S. and sharp move go safer assets make people sell quick quick, na im make ETH price fall sharply. Even if this sell-off happen, some analysts still believe Ethereum go bounce back to $8,000–$12,000 before year end and dem see the event as important test for reducing leverage.
Bearish
Di forced liquidation of pass $45 million and ETH slide under $4,000 dey show big short-term selling pressure, wey be bearish catalyst wey high leverage and macro uncertainty put for ground. Some analysts believe say long-term rebound go reach $8,000–$12,000, but for now, e negative for ETH price as traders fit dey reduce leverage and carry cautious strategies. For history, big-scale liquidations dey make volatility worse and make recovery slow.