2025-12-04 10:27:15

Massive liquidation zone approaching. If Ethereum breaks through the $3,500 threshold, roughly $3 billion worth of short positions could get wiped out. That's a serious amount of leverage sitting on the wrong side of the trade right now.

ETH-3.88%

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DefiPlaybook

· 12-04 10:57

According to on-chain data, there is indeed a liquidation cluster of about $3B at the key price level of $3,500. Notably, such extreme leveraged positions now account for over 42% of total open interest in derivatives trading. From the perspective of three dimensions of risk control mechanisms, once this level is breached, there is a risk of cascading liquidations.

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