With ETH Surging, Over $1.1 Billion Worth of Shorts Liquidated in 24 Hours

BlockBeats News, August 20th, according to TradingBeats (formerly Hyperinsight) monitoring, the cryptocurrency market has rebounded. ETH has seen a 24-hour surge of 16.51%, currently trading at $2,229.70. In the past 24 hours, on-chain ETH settlements have been significant. The largest single settlement came from one of the main addresses of "pension-usdt.eth," amounting to a high of $1.0815 billion, occurring 6 hours ago. Another address of the same entity also had a $3.18 million short position liquidated. Other major settlements include a $13.82 million position liquidated for "picholas," a $9.98 million liquidation for the "0x01...a990 sub-address," and a $5.99 million liquidation for "0x83...f54a," among others.

A concentration of forced liquidations near the price indicates a high risk of top long liquidations. Among them, "Buddy" faces a $46.48 million long liquidation risk with a liquidation price of $2,171.73, only 3.2% away from the current price. The current open interest amounts to $1.89 billion. The top 10 holders' long/short ratio is 2.3333, with an overall long/short ratio of 1.70:1. There are 10,409 long positions compared to 63.0% short positions, indicating a bullish market sentiment.