
#ETH Liquidation Heatmap UpdateHeavy long liquidation cascade continues.The heatmap shows aggressive flushing of high-leverage long positions during the sharp drop. Large red blocks in the $1,550 – $1,700 zone have been swept, with additional pressure visible lower.Current Situation:- Price currently near $1,567- Significant long leverage has been deleveraged in recent days- Liquidity remains stacked on the downsideThis kind of violent long liquidation often signals local capitulation and can set the stage for a relief bounce. However, the structure remains weak.Watch the $1,550 – $1,580 zone closely for reaction.Powered by @Coins 🫶










