Today Ethereum’s high and low are less than 3% apart, yet the total on both sides blew up by $58.45 million: shorts $32.86 million, longs $25.60 million—4879 liquidations in total.
The worst two trades were exactly one long and one short. Last night at 10:35, on OKX a long for 10,000 ETH was liquidated at 2724, a loss of $2.72 million; this morning at 7:05, on Binance a 1,600-ETH short was liquidated at 2777, a loss of $4.44 million—this is the single largest liquidation today for Ethereum.
Both trades’ directions were ultimately correct: the long position held through last night’s dip and stayed in profit, while the short position endured the early-session spike and was still profitable. It’s just that both died at the needle’s tip—right now at 2760, price is neatly caught between two major liquidation levels, touching neither side.
After liquidating both sides, the position size actually rose by 3% in a single day to $28 billion. Sure, liquidations are liquidations—but new leverage is still moving in, fees are under 0.01%, and the long side isn’t crowded yet.
Within a range of less than 3%, they collected $58.45 million in tuition. Where do you think the next needle will poke first?
View in real time: https://www.coinboss.com/liquidations