If ETH falls back by 1%, it will hit the liquidation zones of multiple whales, and tens of millions of dollars in positions may be liquidated before "Machi."

BlockBeats news, September 28, according to TradingBeats monitoring, ETH is trading at approximately $2,656.9. Five million-dollar long positions collectively hold about $32.129 million, with liquidation prices concentrated between $2,613.9 and $2,631.6, only about 0.95% to 1.62% away from the current price.

The nearest liquidation range is between $2,628.59 and $2,631.62, covering 3 whales with a total of about $8.868 million in long positions, approximately 0.95% to 1.07% away from the current price (addresses 0xb1da, 0xdbbd, 0xd83c).

Below, around $2,622.42, another approximately $3.055 million in long positions faces liquidation risk, about 1.30% away from the current price (address 0x0884).

The largest single liquidation line is at $2,613.89, corresponding to about $20.205 million in long positions, accounting for 62.9% of the above five addresses' positions, about 1.62% away from the current price (address 0xcd98).

This largest position has an average entry price of $2,656.42, almost overlapping with the current price, and is still slightly in profit by about $3,604, only about $43 away from the estimated liquidation line.

Additionally, "Machi" Huang Licheng currently holds $95 million in ETH long positions, with a liquidation price of $2,555, and an unrealized loss of $624,000. He had previously planned to take profit above $2,670.