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Ethereum longs surge amid liquidation risks, but falling exchange reserves hint at possible price recovery.

Technical Signals
10 Oct 2026, 17:00 WIB
AMBCrypto
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Neutral
Ethereum longs surge amid liquidation risks, but falling exchange reserves hint at possible price recovery.

Ethereum's derivatives market saw over $177 million in long positions liquidated on October 8, marking the largest long squeeze since June. Despite this, bullish sentiment is rising with smart traders opening large leveraged long positions and Bitfinex whales increasing their ETH longs. The Ethereum Long/Short Ratio has turned positive, signaling a shift toward bullish positioning. However, crowded long trades risk another sharp sell-off if support breaks. Meanwhile, Binance's ETH reserves have dropped to a six-month low, reducing selling pressure and potentially supporting a price rebound. Increased stablecoin liquidity on Ethereum and a possible decline in Bitcoin dominance could further boost ETH if capital rotates back into altcoins. Traders appear to be positioning ahead of a potential market catalyst not yet priced in by the broader market.

Ethereum trades at Rp44.635.892 on Pluang, showing a modest 0.48% gain as of October 10, 2026, 21:21 WIB, despite recent large long liquidations reported in the news. The platform data reveals a balanced market interest with 55% buy orders and a typical hold time of 107 days, indicating steady investor engagement. Meanwhile, Bitcoin holds a price of Rp1.479.765.723 with a slight 0.12% decline, suggesting some rotation in market focus that could influence Ethereum's next moves.

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