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Ethereum saw liquidations amounting to $116.07 million, comprising $94.86 million from long positions and $21.21 million from short positions., with a risk of repercussions predicted should the price of ETH dip below a certain threshold, potentially leading to a liquidation event. This, according to analysts, seems to be playing out.Solana experienced liquidations totaling $38.28 million, with $19.88 million from long positions and $18.39 million from short positions.
Even with the market experiencing liquidation due to a price dip, there is potential for stability in the near future, especially considering positive market sentiment leading up to next month's Bitcoin halving event. Moreover, Godfrey Benjamin is an experienced crypto journalist whose main goal is to educate everyone around him about the prospects of Web 3.0.
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