ETH Liquidation Risk Builds Around Large Whale Longs

Reports describe a roughly $69.69M ETH whale liquidation followed by a leveraged re-entry, alongside other unverified Machi exposure near liquidation. ETH support around $2,300-$2,400 and liquidation levels near $2,286-$2,299 remain key; ETF flows, funding, open interest and spot volume must confirm whether a cascade or recovery is developing.