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Ethereum drops, pushing $1.35B in leveraged longs toward liquidation risk
CoinMarketCap data also flagged about $112.83 million of Hyperliquid ETH longs positioned to liquidate near $2,511, while CoinGlass reported $233.36 million in ETH liquidations as the drop accelerates.
Ethereum’s pullback toward the $2,500 area is increasing liquidation risk for leveraged long positions, with CoinMarketCap data showing roughly $1.35 billion of ETH long exposure sitting at levels vulnerable to liquidation below the prevailing price.
The data compares that $1.35 billion of at-risk longs with about $999.78 million of shorts vulnerable above the prevailing price, and it notes the figures span exposure across multiple liquidation levels rather than one single threshold.
CoinMarketCap singled out a nearby pressure point on Hyperliquid, where about $112.83 million of ETH longs were positioned to liquidate around $2,511. When ETH last traded at $2,605.65, the distance to that level had narrowed to about 3.6%, down from a 7.4% cushion a day earlier.
CryptoSlate data cited ETH down 5.9% over the prior 24 hours to about $2,570 at press time, and it said the latest price drop has already triggered forced closures, with CoinGlass reporting $233.36 million of ETH positions liquidated.