$ETH Market stress and liquidations .

ETH

1,953.99

-1.64%

Derivatives data show frequent large liquidation events, including recent episodes where over 100 million USD worth of positions were cleared in under an hour, highlighting high leverage and risk across the market. Analysts describe the environment as one where strong rallies can quickly reverse, and some expect a “Darwinian” shake‑out of weaker crypto firms during any prolonged downturn.