Looking at the ETH liquidation chart, I want to share a situation with everyone:

Currently, ETH is around 1942, and the situation is like this:
Below, near 1887, there are 560 million long orders lying there. These traders think very simply—believe that 1900 is a solid bottom and are holding on stubbornly without selling.
Above, near 2148, there are 480 million short orders resting. These traders believe the rebound has ended and are waiting to short for profit.

This position is quite awkward. If you ask me what the market makers are thinking—if I were a market maker, I’d be pondering this morning: should I first push down to clear out the longs below, or directly push up to trigger a short squeeze?

Such situations happen too often. Many times, they first poke down to break the longs at 1880, forcing them to cut losses at the bottom. Then, just when you think it’s going to collapse, they reverse and push it up, running all the way to 2140 to trigger a short squeeze—killing both sides.

Let me remind everyone: both long and short positions carry risks now. For those who want to play it safer, either wait near 1880 to go long or wait for a breakout above 1950 to join in. Don’t heavily bet on the direction at this level, as you might get caught on both sides. #ETH #Gate蓝龙虾 $ETH