Hupzy (Spot On Chain)|Oct 08, 2026 06:11
A concentrated ๐ต๐ด,๐ฌ๐ด๐ต ๐๐ง๐ ($252.3M) long on Hyperliquid faces liquidation at $๐ฎ,๐ฐ๐ฐ๐ฒ, with a second trigger at $2,424 โ a $20 gap that could cascade.
๐๐๐ฝ๐๐ ๐๐ฎ๐ธ๐ฒ: A $252M forced-selling overhang sitting just below current ETH price is the kind of level that turns a routine dip into a flush. Two wallets with staggered liquidation points means the first trigger likely feeds the second โ watch for cascade selling if ETH approaches the $2,446 zone.
ETH is already absorbing OG whale selling into Kraken. Layering a $252M liquidation cascade on top compounds the supply wall. Below $2,424, forced selling accelerates with no clear nearby bid.
https://hypurrscan.io/address/0x77ddcc4b6440b3a32b7802f053105c2fad3ae0e9#perps
source: lookonchain
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