Ethereum’s slide toward $2,500 has put about $1.35 billion of leveraged long positions at increasing risk of liquidation.

CoinMarketCap data showed roughly $1.35 billion of ETH long exposure sat at liquidation levels below the prevailing price, compared with about $999.78 million of shorts vulnerable above it. The figures represent positions exposed across a range of lower price levels rather than a single liquidation threshold.

The nearest pressure point is already approaching. About $112.83 million of ETH longs on Hyperliquid were positioned to liquidate around $2,511, CoinMarketCap said. When ETH traded at $2,605.65, the distance to that level had narrowed to about 3.6%, compared with a 7.4% cushion a day earlier.

The risk comes after ETH fell 5.9% over the last 24 hours to $$2,570 as of press time, according to CryptoSlate's data, extending a break from the $2,700 area that had contained the token despite several days of institutional selling.

Available data shows that the latest price break triggered a sharp wave of forced closures before Ethereum has even reached the nearest major liquidation cluster.

CoinGlass data showed $233.36 million of ETH positions were liquidated over the last 24 hours, with long traders accounting for $221.87 million, or about 95% of the total.

Of this, roughly $226.22 million was wiped out over 12 hours, including $216.11 million of long exposure.

Notably, Ethereum also accounted for the largest single liquidation across the broader crypto market, with a $26.64 million ETHUSDC position on Binance forced closed.

From an on-chain analytics and liquidity distribution perspective, developments around "Ethereum falls 6%, leaving $1.35 billion in long bets at risk of liquidation" signal important shifts in network participation. Market participants observe that derivative funding metrics, exchange reserve telemetry, and smart contract protocol interactions reflect cautious accumulation alongside disciplined risk hedging across the sector.

Technical research analysts at CryptoAce VIP note that high-density order book clusters and volume-weighted average price (VWAP) benchmarks near recent consolidation floors will serve as pivotal indicators. Market observers are advised to cross-examine telemetry on verified block explorers before making capital allocations.

Editorial Fact-Check & Verification Note: This briefing was curated, corroborated, and synthesized by the CryptoAce VIP Editorial Desk. Readers following "Ethereum falls 6%, leaving $1.35 billion in long bets at risk of liquidation" are encouraged to review the full primary source coverage linked below for complete historical context, direct quotes, and official statements.