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ETH is currently forming a subtle equilibrium. The short liquidation amount is approximately $1.03B, the long liquidation amount is about $998M, and within the 10% volatility range, they are basically tied. This situation is rare—both sides are evenly matched, with underlying currents surging. Next, one side will inevitably be pushed out, and the cost will be fierce. The key question is: which side do you stand on?