ETH faces dual-sided liquidation pressure, with risk value surpassing the $1 billion mark

According to the latest liquidation data, Ethereum could trigger over $1 billion in forced liquidations with just a 10% fluctuation. On the short side, $1.64 billion in short positions are hanging overhead—once a rebound begins, a large number of trapped shorts will be directly wiped out. The longs are also not in an easy situation; $1.05 billion in long positions could also face forced liquidation if selling pressure increases.

The risk distribution on both sides is highly unbalanced, and any unilateral market movement could trigger a chain reaction of liquidations. The current price level almost acts as bait—attracting longs to chase higher and shorts to buy the dip, but the real liquidity barrier is in place. Once touched, it will inevitably trigger risk release.