Key Points:
- Retail investors absorbed significant ETH sell-offs during liquidation events, yet they also drove buying during price dips below $3,600.
- ETH rebounds challenged long liquidation levels near $3,600 but faced profit-taking around $3,700 as funding rates surged negative.
Despite record inflows into the Ethereum spot ETF and substantial strategic reserves, ETH held near $4,000 bucked expectations of breaching long-term resistance.
ETH sold aggressively to $3,600 following broader market concerns fueled by cryptic claims of severe “tariffs” announced by President Donald Trump targeting various nations.
Forensic data indicates $115.8 million in ETH long positions were liquidated within the HYBR交易所 via Phemex margin trading over a recent five-hour window.
Accompanying this sharp price breakdown was a severe drift to significantly negative funding rates, signaling institutional short-bias, a dynamic viewed by some market participants as somewhat supportive for ETH.
An analysis separati持 market impact by transaction size revealed retail investors predominantly absorbed sell pressure during the most liquidation-susceptible ETH price zones.
The relative positioning metrics “Anchored Whales Versus Retail” and “True Retail Longs Versus Shorts” concurred, highlighting retail traders as net long during the recent liquidation-triggered selling.
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Significantly, retail intervention has flowed into the lower tiers post-dip, re-establishing a technical floor near $3,600. ETH remains contested immediately surrounding this pivotal support level and the adjacent $1-3M long resistance.
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
