TradingBeats monitored ETH perpetual contracts near $2,397 on Hyperliquid and identified multi-million-dollar liquidation clusters around the market, according to a BlockBeats report.
Liquidation clusters
The report said more than $20 million of aggregated liquidation exposure was within 2% of the observed price. Across a 5% range, it estimated about $38 million on the long side and $49.5 million on the short side, with leverage mainly between 20x and 25x.
Whale position
An unidentified large ETH short was reportedly reduced by about $19.78 million through four partial liquidations and then rebuilt to a large exposure. The figures are TradingBeats monitoring estimates and describe potential liquidation levels, not guaranteed realized losses.
Source: BlockBeats flash.