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$ETH has completed a short positions liquidity liquidation. The good news is that there are more short positions entering, and it is estimated that a new liquidation zone can be accumulated this weekend.
Therefore, a moderate fluctuation and pullback over the weekend is quite healthy. It can attract short positions to take over at high levels and also wash out some short-term high-leverage long positions. However, looking at the scale of new long positions' liquidity, one can only sigh and say, not many people are going long~
Could it be that ETH has also entered a fear of heights market after BTC broke 100k?