Ethereum futures open interest hits a new high as short positions face large-scale liquidation.

[Block Rhythm] On August 13, according to data from data platforms, as the spot price rose above 4700 USD, the Ethereum futures open interest reached a historic high of approximately 35.5 billion USD. The leverage levels across various trading platforms have restored, laying the foundation for greater fluctuations after position consolidation.

Short selling pressure surged: On August 12, as the price approached $4,620, approximately $66 million in short positions were forcibly closed, marking the second largest short squeeze event of the year to date.

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SleepyValidatorvip
· 3h ago
Open short positions, who knows who's unlucky.
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StableBoivip
· 08-15 06:52
Laughing to death, bearish traders were played for suckers.
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GasBanditvip
· 08-13 22:53
Playing with Hardcore Bear is really fun.
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TokenDustCollectorvip
· 08-13 12:12
Suckers are going to be played for suckers again? Just kidding.
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PerpetualLongervip
· 08-13 11:58
Bearish traders got liquidated, right! The bull run is when you all should be buried!
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NFTragedyvip
· 08-13 11:52
Bearish traders have recovered losses badly.
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GweiTooHighvip
· 08-13 11:47
Another wave of suckers get on board
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SlowLearnerWangvip
· 08-13 11:45
Lost heavily again, a short order got wiped out~
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