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COINOTAG News, citing Onchain Lens data dated November 3, notes that highly leveraged bets have been partially liquidated: a 25x ETH long and a 10x HYPE long were trimmed as market conditions tightened. The event underscores ongoing risk management in ultra-high leverage crypto positions and offers a gauge of trader sentiment around ETH and related tokens.
As of writing, the total open interest on the buddy perpetual contract has declined to $6.33 million, signaling a contraction in speculative exposure within that venue. This data point helps traders assess liquidity dynamics and potential volatility catalysts for near-term price action.
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