Hupzy (Spot On Chain)|Jun 05, 2026 15:24
๐จ $๐ฑ๐ฐ๐ณ๐ ๐๐ง๐ at risk of cascading DeFi liquidations
Lookonchain reports 343,075 ETH ($547M) in leveraged longs facing liquidation across four clustered levels:
โข $1,565.72 โ 46,741 ETH ($74.7M)
โข $1,555.04 โ 58,032 ETH ($92.9M)
โข $1,426.31 โ 100,394 ETH ($159.4M)
โข $1,361.73 โ 137,908 ETH ($220.4M)
The $1,555 cluster overlaps with the Matrixport-linked whale's margin-stress zone reported earlier today.
**Hupzy take:** This is a structural overhang, not a single-whale story. The $1,555โ$1,566 band is the immediate tripwire โ a break here could unleash ~$168M in forced selling within a few dollars of price movement, potentially cascading into the deeper $1,426 wall. ETH is already under severe pressure. Watch $1,565 as the level that decides whether this stays contained or accelerates.
Verify: https://debank.com/profile/0x34d1231f15da58762a84ead35242896e7fec4ac1 https://debank.com/profile/0xc3fe8b63ea05e8e27b3f3358d646915d7ed931e4 https://debank.com/profile/0xabed497d0ccb6916c95dd98ad4402febf5f52fe7
--source: https://x.com/lookonchain/status/2062916582234525976
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