Where does the near-term liquidation wall for Ethereum whales on-chain lie? There are million-level positions on both the upper and lower edges, and the major short seller persists in covering after four rounds of forced liquidations.

BlockBeats news, October 20 - According to TradingBeats monitoring, ETH perpetual contracts on Hyperliquid are currently quoted at around $2,397. Aggregating on-chain positions, over $20 million in liquidation volume has accumulated within 2% above and below the current price; expanding to the 5% range, the long side is about $38 million and the short side about $49.5 million, with leverage mainly at 20–25x.

From last night to today, a certain million-level Ethereum short position experienced four waves of partial forced liquidations, with a total reduction of about $19.78 million in position, and then it was replenished and maintained a million-level exposure. Currently, liquidation walls are accumulating near-term above and below on Ethereum on-chain; where are the liquidation lines of multiple whales located?