Ethereum Slide Risks $1.35B in Long Liquidations

Key Facts

1Ethereum price fell by 6% toward the $2,500 level, putting leveraged long positions at risk.

2Estimated long positions at risk of liquidation total $1.35 billion, compared to $999.78 million for shorts.

Ethereum price fell by 6% toward the $2,500 level. CryptoSlate reported that this decline puts leveraged long positions at immediate risk of liquidation.

Estimated long positions at risk of liquidation total $1.35 billion, significantly outweighing the $999.78 million held in short positions. This downward pressure follows a breach of critical technical thresholds for leveraged traders.