'Pro Fulfillment' previously warned and it has come true as expected—has crypto bottomed out? A quick look at several key 'danger zones' on-chain.
BlockBeats news, November 11 - According to TradingBeats monitoring, the ETH near-term liquidation risk alerted in the Pro flash news on November 6 has materialized. ETH fell below the $2,125-$2,150 dense liquidation zone in the early hours of November 9, and further dropped to $2,003.7 last night, a 10.2% decline from approximately $2,230 at the time the original article was published. What changes have occurred in BTC and ETH on-chain markets today, have long-position risks been cleared as expected with the decline, and is it worth going long now?
Previous monitoring showed that approximately $130 million in potential long liquidation exposure was concentrated in the $2,125-$2,150 range, only about 4.1% from the price at that time; within a 10% range above and below the current price, the ratio of potential long to short liquidation scale reached 26.3:1, with risk clearly concentrated on the downside.
In the early morning of November 9, ETH dropped from $2,158.6 to $2,058.5 in a single minute, with approximately $118 million in long positions across two associated addresses forcibly liquidated, resulting in cumulative losses of approximately $27.18 million.
BTC's near-term liquidation risk has also materialized. The previously alerted
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