#ETH plunged 1.32%#

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Overview

ETH experienced price fluctuations in the past 24 hours, initially rising by 1.24% before dropping 1.32%, ultimately closing at $3267.71. This volatility resulted in a significant number of contract liquidations, with the total value of liquidations across the network reaching $111 million in the past 24 hours and $10.98 million in the last hour. Notably, both liquidation events were primarily driven by short positions, accounting for 62.77% and 97.09% of the total liquidation value respectively, indicating a bearish sentiment in the market.

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Analysis

ETH has been experiencing volatility recently. While the price has increased by 1.24% in the past 24 hours, it has dropped by 1.32% in the last hour. This fluctuation has resulted in a significant number of contract liquidations, with total liquidations reaching $10.98 million in the last hour and a staggering $111 million in the past 24 hours. Notably, both periods saw only short positions liquidated, accounting for 35.06% and 19.76% of the total liquidations respectively. This suggests a divergence in market sentiment regarding ETH's price trajectory, with some investors anticipating further decline while others believe in continued growth. Currently, ETH's price movement remains uncertain, requiring cautious trading strategies and vigilant monitoring of market developments.

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ETH experienced a short-term decline, down 1.32% in the past 24 hours

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ETH contract market saw liquidations, with total liquidations of $10.98 million in the past hour, of which $10.66 million were short positions

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The ETH contract market is dominated by short liquidations, with $3.85 million in ETH liquidations in the past hour, accounting for 35.06% of the total liquidations

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The ETH contract market has experienced significant volatility, rising 1.24% in the past 24 hours, but declining in the past hour, leading to some short liquidations

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