The nearest big liquidation cluster for ether longs sits on Hyperliquid, about 3.6% below market.
đ By the numbers
âą Per CryptoSlate citing CoinMarketCap, about $1.35 billion of ether longs sit below the price, against roughly $1 billion of shorts above.
âą The closest dense cluster is about $112.8 million of longs on Hyperliquid near $2,511.
âą CoinGlass counted $233 million of ether positions liquidated in 24 hours, 95% longs.
âą US spot ether funds logged a sixth straight day of outflows, about $408 million in total, per SoSoValue.
đŻ Levels to watch
If ether loses the $2,500 area, that Hyperliquid cluster could add forced selling. If it holds, the heavy long positioning on Binance, a 3.32 long-to-short ratio, could calm things quickly. $HYPE is down about 4.7% near $86.8, per CoinGecko.
đŹ Is a 3.3 long-to-short ratio conviction or crowding?
#Hyperliquid #Ethereum #Liquidations
đ By the numbers
âą Per CryptoSlate citing CoinMarketCap, about $1.35 billion of ether longs sit below the price, against roughly $1 billion of shorts above.
âą The closest dense cluster is about $112.8 million of longs on Hyperliquid near $2,511.
âą CoinGlass counted $233 million of ether positions liquidated in 24 hours, 95% longs.
âą US spot ether funds logged a sixth straight day of outflows, about $408 million in total, per SoSoValue.
đŻ Levels to watch
If ether loses the $2,500 area, that Hyperliquid cluster could add forced selling. If it holds, the heavy long positioning on Binance, a 3.32 long-to-short ratio, could calm things quickly. $HYPE is down about 4.7% near $86.8, per CoinGecko.
đŹ Is a 3.3 long-to-short ratio conviction or crowding?
#Hyperliquid #Ethereum #Liquidations