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Crypto investors nervous: Great danger in the futures market!
Even a 2.25% fall this weekend could liquidate over $500 million in long positions in Ethereum.
More than half a billion dollars of ETH futures are at risk. Long positions could face liquidation if the ETH, the leader of altcoins, experiences the same price fluctuation as it did last weekend. This development comes amid growing concerns that the U.S. Securities and Exchange Commission (SEC) may reject an Ether spot ETF next month.
Unstable price structure continues on Ethereum (ETH)!
Over the past few weekends, Ether has experienced brief fluctuations in its price and then quickly rebounded to fundamental support levels. On April 20, the price briefly fell 2.25% to $3,036. On Saturday, April 13, it fell nearly 9% to $2,950 and then rose to $3,075.
The high volume of potential liquidations comes as the Ethereum is experiencing broader uncertainties regarding the status of its spot ETF, among other legal challenges.
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should do their own research when making decisions.