Ethereum falls 6%, leaving $1.35 billion in long bets at risk of liquidation

Ethereum’s slide toward $2,500 has put about $1.35 billion of leveraged long positions at increasing risk of liquidation.CoinMarketCap data showed roughly $1.35 billion of ETH long exposure sat at liquidation levels below the prevailing price, compared with about $999.78 million of shorts vulnerable above it. The figures represent positions exposed across a range of lower price levels rather than a single liquidation threshold.The nearest pressure point is already approaching. About $112.83 million of ETH longs on Hyperliquid were positioned to liquidate around $2,511, CoinMarketCap said. When ETH traded at $2,605.65, the distance to that level had narrowed to about 3.6%, compared with a 7.4% cushion a day earlier.Ethereum Liquidation Heatmap (Source: CoinMarketCap)The risk comes after ETH fell 5.9% over the last 24 hours to $$2,570 as of press time, according to CryptoSlate's data, extending a break from the $2,700 area that had contained the token despite several days of institutional selling.ETH longs take the first hit as $2,500 comes into focusAvailable data shows that the latest price break triggered a sharp wave of forced closures before Ethereum has even reached the nearest...