The Ethereum (ETH) liquidation heatmap showed key trends in liquidation activity. The data was taken during October 9-15, as Ethereum’s price fluctuated during the week. The price ranged from $2251 to $2745, with liquidation pressure at certain levels. Notably, this data shows how traders with leveraged positions were impacted by market movements.
Price Movements and Liquidation Levels
Between October 9 and 12, Ethereum’s price remained mostly stable, staying between $2300 and $2500. There were some fluctuations, but liquidation activity was higher at lower prices and these were highlighted by yellow bands at $2400 level. Interestingly, on October 11, ETH hovered between $2400 and $2500, slowing liquidation activity.
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However, on October 13, the price of ETH increased and moved above $2600, triggering more activity. The yellow and green bands in the heatmap, between $2600 and $2700, indicated high liquidation volume, implying that many short positions were closed as prices rose. The data highlights the price range as a key point for liquidations during the latter part of the week.
Ethereum’s Post-Merge Considerations
On October 14, after the latest Merge, which changed Ethereum from PoW to PoS, Ethereum founder Vitalik Buterin pointed out certain areas that required more focus. While many viewed Merge as a significant event in Ethereum’s evolution, this solution didn’t eliminate all issues. Some of the key objectives include slow transaction finalization, and the complexity of the protocol.
He further proposed solutions like single-slot finality to improve Ethereum experience and make it more attractive for users on the platform. He further added that after the Merge, the network has avoided centralization risks.
Focus on Security and Accessibility
Buterin pointed that the solo staker needs to be more accessible and allow more users for engaging in securing the blockchain. This will enhance security and provide an inclusive staking process. Notably, these enhancements are crucial for Ethereum after the Merge to develop its future stability and security.
On an overall note, the liquidation trends highlights Ethereum’s condition on its market situation and enhancing its protocol.
