Why is Ethereum (ETH) at risk of major liquidations?

[cryptoenthusiast]

ETH shows a clear imbalance between Long and Short positions:

Short positions dominate and could face heavy losses if ETH rebounds.

ETH above $3,500 → Short liquidations may exceed $3B.

ETH below $2,700 → Long liquidations are smaller, around $1.2B.
Technical support at $3,100 plus extreme fear sentiment suggests a potential sharp recovery.