Ethereum Falls to $2,337 as $44B Open Interest Keeps Liquidation Risk Alive
- —ETH liquidations hit $184.41 million in 24 hours, with longs accounting for $166.7 million
- —Largest single liquidation was an $11.85 million ETHUSDT long on Binance near $2,307.65
- —ETH perpetual open interest stands at $44.26 billion, equal to 15.5% of market cap
- —Corporate treasuries hold 8.12 million ETH, or 6.6% of supply, worth about $19 billion
Why it matters: With open interest near $44 billion, a break below the $2,287 session low could trigger another wave of forced long liquidations.
Source: The Crypto Times