🔷 #ETH Long Liquidation

$BTC #ETH experienced a $4.2335K long liquidation at $2116.73, showing that bullish traders using leverage were forced out of their positions as the price moved lower. Long liquidations happen when falling prices reach the liquidation thresholds of leveraged long positions. This forces the system to close trades automatically, creating additional sell pressure in the market. While the liquidation amount is not extremely large compared to major market moves, it still reflects temporary bearish momentum. Traders typically watch whether such liquidations trigger further downside volatility or if buyers step in to defend key support levels.