"Pro Cash-Out" After BTC Longs Stampede and Liquidate Hundreds of Millions of Dollars, Is Bottom Fishing at the "Last Mile"?

BlockBeats news, November 13th, according to TradingBeats monitoring, the BTC and ETH liquidation risk ranges previously alerted in two rounds of Pro alerts have been successively breached. From last night to noon today, BTC long liquidations on Hyperliquid totaled approximately $305 million, and ETH long liquidations totaled approximately $62.66 million, amounting to a combined total of approximately $368 million.

On November 6th, Pro alerts indicated that ETH had approximately $130 million in potential long liquidation exposure concentrated in the $2,125–$2,150 range, only about 4% away from the price at that time.

In the early hours of November 9th, this range was rapidly broken through, and approximately $118 million in ETH long positions across two associated addresses were forcibly liquidated, with losses of approximately $27.18 million, during which prices experienced a minute-level cascade flash crash.

A follow-up review on November 11th pointed out that ETH's next risk concentration was in the $1,950–$1,975 range, with another approximately $38.21 million in potential long liquidation exposure in the $1,900–$1,925 range. Today, ETH successively broke below both ranges, and long liquidations pushed prices further down, with an intraday low of $1,894.9 in the afternoon, a decline of approximately 15% from approximately $2,230 at the time of the first alert on November 6th.

BTC also experienced two rounds of risk materialization. The $74,000–$74,500 range alerted on November 6th had already been broken below; the $71,500–$72,000 range alerted on November 11th, which at the time had approximately $77.19 million in potential long liquidation exposure, also fell last night. In the afternoon, BTC further dropped to $67,474, a decline of approximately 10.8% from approximately $75,700 at the time of the first alert on November 6th, officially entering the previously alerted far-end risk band of $67,000–$67,500.

Positions continue to shrink, but has the risk of long leverage squeeze disappeared?