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The cryptocurrency market remains focused on a significant 11,300 BTC whale transfer as Bitcoin tests critical resistance zones. Ethereum has climbed to $2,354 following institutional accumulation of 140,000 ETH, yet new derivatives data suggests heightened volatility ahead. According to CoinGlass, approximately $874 million in long positions face liquidation if ETH drops below the $2,206 support level. Conversely, a move above $2,412 could trigger the liquidation of $403 million in short positions. Despite the recent 1.78% daily gain, Ethereum remains more than 50% below its all-time high of $4,700. Investors are closely monitoring these liquidation clusters as a breach in either direction could accelerate price momentum through forced liquidations.
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