2026-01-16 19:28:28

Based on the open interest of mainstream exchanges' contracts, ETH is currently in a relatively sensitive position.

Looking upward, if ETH can break through the $3,444 threshold, the liquidation scale of accumulated short positions in major CEXs will reach $1.404 billion. In other words, once the bulls successfully push higher, this level will trigger a large-scale short squeeze.

Looking downward, the opposite logic also applies. If ETH falls below $3,126, the accumulated long liquidation strength will reach $951 million, which means that once the decline is confirmed, the bulls will face continuous liquidation pressure.

Therefore, at this stage, these two price levels are like a "gunpowder depot" in the futures market—above $3,444 and below $3,126, each has a huge liquidation order waiting. Traders need to stay alert to these two key levels.

ETH-0.57%

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HashBard

· 10h ago

eth trapped between two cliffs rn... $3,444 and $3,126 basically the story of our lives honestly

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On-ChainDiver

· 10h ago

Damn, these two prices are just slaughterhouse levels. Being stuck in the middle makes everyone uncomfortable.

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MetaverseLandlady

· 10h ago

Damn, these two price levels are definitely minefields. Being caught in the middle makes me feel uncomfortable. The feeling of being squeezed to death—should I break through or smash through? 1.4 billion short positions liquidated? If it really goes up, I’ll go crazy, but it could also be just a trap to lure buyers in. Let’s wait and see, anyway I don’t dare to buy the dip.

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MerkleTreeHugger

· 10h ago

3444 and 3126 are in the middle, this time it's really a powder keg... 1.4 billion short positions are waiting to be squeezed, I can't afford to bet on this.

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ExpectationFarmer

· 10h ago

3444 and 3126, these two levels are really like time bombs --- The contract market is like this, no one can sleep comfortably --- I just want to know which side will explode this time. Anyway, either the bulls will have trouble or the bears will be wiped out --- The powder keg is indeed real, being stuck in the middle is really uncomfortable --- Liquidation of 1.4 billion in short positions... how many people will be wiped out? --- Waiting to watch the show, surely someone will be harvested at these two levels --- Key levels are so risky, diving in headfirst is a bloody lesson --- Isn't this sensitive area exactly the hunting ground for exchanges? --- 3444 or 3126, pick one to be liquidated, everyone

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