Two key ETH price levels are here: a break above could trigger a 1.6 billion short squeeze

2026-01-20 10:38:10

【Bi推】According to on-chain data statistics, ETH is currently facing two critical price levels: upward, if ETH surges to $3,258, the accumulated short positions on mainstream exchanges will face a liquidation pressure of $1.667 billion; conversely, if it falls below $2,961, this support level, long positions will trigger a chain liquidation of $690 million. These two figures reflect the highly leveraged state of the current market, and any breakout in either direction could trigger a large-scale forced liquidation. Traders, these levels are worth paying close attention to.

ETH-4,5%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

18 Likes

Reward
18
6
Repost
Share

Comment

0/400

BasementAlchemist

· 01-20 11:07

Coming back with the same trick? 3258 or 2961, in the end, it's all about being harvested. Everyone knows about the leverage bomb, but the question is whether you can predict which direction it will explode.

View OriginalReply0

OffchainWinner

· 01-20 11:07

Leverage has been pushed to this point, it's truly on the verge of triggering...

View OriginalReply0

DaoResearcher

· 01-20 11:04

From the data performance perspective, the liquidation pressures of 1.667 billion and 690 million actually reflect the market fragility issue from the Token economics viewpoint—where the incentive mechanisms completely fail under highly leveraged conditions. It is worth noting that this bipolar liquidation pattern essentially represents governance failure. It is recommended that everyone first read the risk model white paper of the derivatives trading protocol to understand why such extreme price level settings are destined to trigger systemic risk.

View OriginalReply0

NFT_Therapy

· 01-20 10:58

1.6 billion short positions are about to explode; the market leverage is really intense.

View OriginalReply0

ShitcoinConnoisseur

· 01-20 10:52

1.6 billion short positions are about to be liquidated? This is going to be interesting. Will the bulls eat the meat or will the bears go bankrupt?

View OriginalReply0

JustHodlIt

· 01-20 10:42

With such high leverage, it feels like it could blow up at any moment. Better to be cautious.