Ethereum Holds Near $2,700 Amid $414M Long Liquidations
Ethereum holds steady near $2,700 as the derivatives market records $414 million in long liquidations and $640 million in shorts at risk.
Ethereum has maintained its position near the $2,700 level according to data reported by Pluang, navigating a volatile session defined by significant derivatives activity. The market recorded $414 million in long liquidations, while a separate pool of $640 million in short positions remains at risk of liquidation as price action persists.
Derivatives Market Activity
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The positioning across derivatives exchanges highlights heightened leverage in the market. The high volume of cleared long contracts alongside substantial short exposure points to ongoing tension between bullish and bearish traders around the $2,700 price threshold.
Key facts
- Ethereum held steady near $2,700 according to Pluang
- Long liquidations reached $414 million
- Short positions at risk of liquidation totaled $640 million
Source: news.google.com
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