Ether Liquidation Risk Tops $20 Million Within 2% of Hyperliquid Price

Ether (ETH) traders on Hyperliquid faced more than $20 million in potential liquidations within 2% of a roughly $2,397 futures price on Oct. 20, leaving leveraged positions close to forced reductions on both sides of the market. Within 5% of that price, long positions carried about $38 million in potential liquidations, while short positions carried about $49.5 million. Most of the tracked positions used 20 to 25 times leverage. One large ETH short was partially liquidated four times, reducing the position by about $19.78 million in total.

Source: TokenPost