Ethereum short liquidations on Binance reached their highest level since 2022 during an early July price rebound. The source says Ethereum open interest fell from a record $33.9 billion in October 2025 to $11.2 billion, while the price declined from about $3,200 to $1,500. The data suggests many leveraged traders were forced to close positions during recent market swings. If volatility continues, liquidation levels are likely to remain a key indicator of trading activity and market positioning.
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