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High-risk ETH bets: Huang's position depends on the key level of Bitcoin's $106,000

Source: CoinWorld
Huang Licheng (known as Mastiff Brother) has reduced his long position in Ethereum, and the forced-fighting price is set at US$2,994.919. The adjustment is consistent with the intensified market volatility and the leveraged holding risks of altcoins such as ETH. Once a key liquidity level in Bitcoin (e.g. $106,700) breaks through, it could indirectly put pressure on ETH, which could trigger chain liquidation. Analysts point out that large traders are monitoring Bitcoin’s trends to manage exposure to ETH and SOL, reflecting the general prudence of markets amid the recent high-profile liquidation and market turmoil.
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