Ethereum liquidations hit $201M, highest since June 5
- —Ethereum long liquidations reached $201 million, the most since June 5
- —ETH traded at $2,555, testing its 100-week EMA at $2,561
- —Total crypto liquidations were estimated at $550–665 million across trackers
- —One analyst warned a weekly close below the 100-week EMA could trigger a deeper correction
Why it matters: The biggest ETH long flush since June highlights how leveraged the market has become, and whether the 100-week EMA holds will shape the next move.
Source: TokenPost