What's going on with these long candles?
A question for the ETH traders: Here is a 1-minute chart of the past hour in Ethereum. Anyone have any ideas about what's going on with those long candles? Was there any important news?
As best I can tell (using Coinglass data), it's forced liquidations of shorts. But I'm wondering why all of a sudden that would have happened to the extent it did in ETH, when I don't see the same magnitude of forced liquidations across BTC or SOL at the same times.
Any thoughts? Is it just as simple as the depth of book was much lighter in ETH at that time, so the forced liquidations showed more?
Posted Mar 8, 2026, 8:00 PM UTC
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