This move on Ethereum around $3,500 is pretty interesting.

To put it simply: if the price actually breaks through $3,500, exchanges will automatically trigger a "major liquidation"—over $3 billion in short positions would be wiped out instantly.

Let's break this down:

**First, look at how thick this wall is.** $3,500 isn’t just a price number anymore, it’s more like a dividing line. On this side of the wall, there are $3 billion worth of short bets piled up, just waiting for the price to come up and get harvested. Once it breaks through, these positions will be forcibly closed—forced liquidation means buying back, which is like hitting the gas pedal for the market.

**Second, the chain reaction.** A $3 billion liquidation isn’t an isolated event; it becomes fuel for the price to keep surging higher. The coffin of the shorts could turn directly into a booster for the longs. This kind of one-sided stampede can come fast and hard.

**Finally, the trading logic.** With such a huge liquidation level clearly marked out, there’s no way big players don’t see it. They probably won’t just pump it straight through—instead, they might churn the price around $3,499, shaking out eager retail longs before making their next move after they’ve eaten their fill.

**My view?** When the market puts a “there’s a landmine here” sign right out in the open, that landmine doesn’t belong to either bulls or bears. It belongs to whoever holds the fuse and dares to light it.

**A reminder:** Don’t just see “$3 billion liquidation” and FOMO in with everything you’ve got. Around such obvious liquidation walls, prices are the easiest to manipulate. It could turn into a launchpad, or a meat grinder. Don’t let yourself be the cannon fodder lighting someone else’s fuse.

May your position be on the benefiting side of the explosion, not become the explosion itself, or get thrown off the ride before takeoff.

(This article is not investment advice; staying calm is always more important than chasing the hype.)