Whale's 13,830 ETH short liquidated for $6.66M as price rebounds
- —Short of 13,830 ETH opened at $2,366, position worth $32.72 million
- —2,765 ETH worth $6.66 million liquidated as price rose to $2,409
- —Remaining 11,061 ETH worth $26.64 million, liquidation at $2,419
- —Liquidation level is only about $9 from the current price
Why it matters: A $26.6 million position sits right at the liquidation threshold, so any move above $2,419 could trigger another cascade of forced buying.
Source: PANews