#美联储回购协议计划 $ETH $UNI $AT

Ethereum Key Level Deep Dive: $570 Million Liquidation Pressure and Whale Movement Analysis

In the early hours, there was a clear pressure on the ETH market. Data shows that approximately $570 million worth of liquidation orders are stacked around $2801, while on-chain large holders, pension addresses, have added 6,048 short positions at this level—such actions often indicate that the market is about to face a test.

A prominent feature of the current market is that the rebound is entirely driven by leveraged funds. In this context, retail traders operating alone are easily targeted for liquidation. El Salvador has been continuously accumulating since the beginning of the year, but such traditional bottom-fishing strategies significantly increase risk in a high-leverage environment.

The whale's move to add shorts warrants deep consideration—they control on-chain data and hold enough tokens to influence prices. Such actions are rarely random; there is usually a logic behind them. The most prudent approach now is to observe rather than blindly participate, relying on data rather than emotional trading.

At this juncture, instead of passively bearing pressure in the derivatives market, it’s better to calmly analyze the true intentions of on-chain whales. Market movements driven by leverage tend to reverse quickly; understanding the behavior of market participants is key.