The post Ethereum at Key Levels: $3200 Triggers $746M CEX Short Liquidations, $3050 Triggers $573M CEX Long Liquidations appeared on BitcoinEthereumNews.com. Ethereum traders should note a pair of pivotal levels highlighted by COINOTAG News, citing Coinglass data. A decisive move above $3200 could push the total liquidation strength of major CEX short positions toward $746 million, while a slide below $3050 may trigger about $573 million in long-position liquidations. The COINOTAG note clarifies that the liquidation chart does not disclose exact contract counts; bars indicate the relative importance of each cluster, i.e., the strength of the move. In essence, a higher liquidations bar signals a higher likelihood of intensified moves when the target price is reached, driven by liquidity cascades. Market participants should monitor these levels as part of a disciplined risk framework. The cross-check from Coinglass and COINOTAG offers a credible read on Ethereum’s liquidity dynamics, supporting hedging decisions and scenario planning without asserting certainty about future trades. Source: https://en.coinotag.com/breakingnews/ethereum-at-key-levels-3200-triggers-746m-cex-short-liquidations-3050-triggers-573m-cex-long-liquidationsThe post Ethereum at Key Levels: $3200 Triggers $746M CEX Short Liquidations, $3050 Triggers $573M CEX Long Liquidations appeared on BitcoinEthereumNews.com. Ethereum traders should note a pair of pivotal levels highlighted by COINOTAG News, citing Coinglass data. A decisive move above $3200 could push the total liquidation strength of major CEX short positions toward $746 million, while a slide below $3050 may trigger about $573 million in long-position liquidations. The COINOTAG note clarifies that the liquidation chart does not disclose exact contract counts; bars indicate the relative importance of each cluster, i.e., the strength of the move. In essence, a higher liquidations bar signals a higher likelihood of intensified moves when the target price is reached, driven by liquidity cascades. Market participants should monitor these levels as part of a disciplined risk framework. The cross-check from Coinglass and COINOTAG offers a credible read on Ethereum’s liquidity dynamics, supporting hedging decisions and scenario planning without asserting certainty about future trades. Source: https://en.coinotag.com/breakingnews/ethereum-at-key-levels-3200-triggers-746m-cex-short-liquidations-3050-triggers-573m-cex-long-liquidations

                                                                               Lawmakers in the US House of Representatives and Senate met with cryptocurrency industry leaders in three separate roundtable events this week.                     Members of the US Congress met with key figures in the cryptocurrency industry to discuss issues and potential laws related to the establishment of a strategic Bitcoin reserve and a market structure.On Tuesday, a group of lawmakers that included Alaska Representative Nick Begich and Ohio Senator Bernie Moreno met with Strategy co-founder Michael Saylor and others in a roundtable event regarding the BITCOIN Act, a bill to establish a strategic Bitcoin (BTC) reserve. The discussion was hosted by the advocacy organization Digital Chamber and its affiliates, the Digital Power Network and Bitcoin Treasury Council.“Legislators and the executives at yesterday’s roundtable agree, there is a need [for] a Strategic Bitcoin Reserve law to ensure its longevity for America’s financial future,” Hailey Miller, director of government affairs and public policy at Digital Power Network, told Cointelegraph. “Most attendees are looking for next steps, which may mean including the SBR within the broader policy frameworks already advancing.“Read more