Largest cluster of net long Ethereum positions sits at $2,538
- —Largest net long ETH cluster entered at $2,538
- —21% of the cluster's positions were opened above current ETH price
- —Biggest long: $151 million at 8x leverage, liquidation at $2,460.8
- —A $278 million short is also open at $2,304
Why it matters: The $2,538 long cluster and $2,460 liquidation level create a risk zone: a drop below could trigger forced selling and accelerate a downturn.
Source: Crypto Briefing