According to @rovercrc, USD 115,000,000 in cryptocurrency positions were liquidated in the past 60 minutes, indicating a sudden wave of forced position closures across derivatives venues (source: @rovercrc). Liquidations are forced closures of leveraged positions that can amplify short-term volatility and execution slippage during fast moves (source: Binance Futures).

According to @EmberCN on Twitter, a leveraged ETH position has rolled over to 4,136 ETH, valued at $9.88 million, with its liquidation price now lowered to $2,435—less than $50 below the current market price. This proximity to liquidation puts significant downward pressure on Ethereum in the short term, raising risk for derivative traders and potentially increasing volatility if liquidations are triggered. Traders are advised to closely monitor ETH price movements and order book activity, as large forced liquidations could intensify rapid price swings and present both risk and short-term opportunity. (Source: @EmberCN, May 19, 2025)