Ether Short Faces Liquidation at $2,419 After $6.66 Million Tranche Liquidated

A large Ether short position worth approximately $26.64 million faces imminent liquidation at $2,419 following an initial partial liquidation. The leveraged short was originally opened at an entry price of $2,366 with 13,830 ETH valued at $32.72 million. As Ether climbed to $2,409 on Sunday, the position breached its threshold, triggering an automated liquidation of 2,765 ETH worth $6.66 million. The remaining position sits just above current market prices, risking further forced liquidations if prices continue to rise.