If ETH falls to $2,217, about $6.3mn of rise bets in this tracked group reach their forced-close zone. Reaching the price does not guarantee every position closes: owners can add money or reduce the trade.
Where borrowed crypto trades can break.
This page shows where open leveraged positions may be forced closed, which side carries more money, and whether one very large position is creating the headline.
If ETH falls to $2,217, about $6.3mn of rise bets in this tracked group reach their forced-close zone.
What price starts the cascade?
Red bars are rise bets that may be closed as price falls. Green bars are fall bets that may be closed as price rises. The yellow line is the current price.
After the largest position is removed, $-244.9mn still leans toward a fall. The headline survives.
The nearest forced-close zone sits outside the range where the visible order book can be compared honestly.
Where the crowd and the money disagree.
Accounts and dollars answer different questions. A thousand small accounts can lean one way while a few large positions lean the other. The gap is a clue, not proof that one side is smarter.
ETH is the widest split among the 8 assets with complete readings. The comparison uses one account-count venue and one wallet-position venue, so it measures disagreement between two groups rather than the whole market.
Did the account crowd move?
A crowded trade is more worrying when the crowd is still piling in. This line tracks the share of futures accounts betting on a rise over the last 48 hours.
This is a change in account share. It does not tell us how much money those accounts added or removed.
Four views of the same open book.
Each line is a separate wallet group. Bars move right when more money bets on a rise and left when more money bets on a fall. The groups may overlap, so do not add them together.
The positions that matter most.
These are the largest open positions in the lead group. “Borrowed exposure” says how many times the owner's money is being used. More borrowed exposure means less room to be wrong.
| Position | Bet | Money open | Borrowed exposure | Entry | Forced close | Open result |
|---|---|---|---|---|---|---|
| #01 | Fall | $255.9mn | 5.0 times | $2,323 | $4,128+71.6% away | $-5.0mn |
| #02 | Fall | $170.3mn | 5.0 times | $2,375 | $4,618+91.9% away | $843.1k |
| #03 | Fall | $44.0mn | 25.0 times | $2,522 | $3,558+47.9% away | $4.4mn |
| #04 | Fall | $16.2mn | 25.0 times | $2,495 | $3,147+30.8% away | $770.2k |
| #05 | Fall | $10.1mn | 20.0 times | $1,896 | $3,045+26.6% away | $-2.0mn |
| #06 | Fall | $9.6mn | 20.0 times | $2,382 | $4,853+101.7% away | $-89.8k |
| #07 | Fall | $7.9mn | 25.0 times | $2,271 | $3,384+40.6% away | $-347.2k |
| #08 | Rise | $7.2mn | 6.0 times | $2,392 | $1,911-20.6% away | $-277.2k |
| #09 | Fall | $4.8mn | 25.0 times | $2,423 | $2,654+10.3% away | $234.0k |
| #10 | Fall | $4.5mn | 25.0 times | $2,648 | $3,434+42.7% away | $488.5k |
| #11 | Rise | $4.3mn | 25.0 times | $2,365 | $2,319-3.6% away | $69.6k |
| #12 | Rise | $3.9mn | 10.0 times | $2,469 | $228-90.5% away | $-141.4k |
This is a pressure map. It is not a price forecast.
Open positions can change, traders can add money, and orders visible now may disappear before price reaches them. The wallet positions come from one venue and the account crowd from another. That makes this a focused stress reading, not a total for all crypto trading.
If ETH falls to $2,217, about $6.3mn of rise bets in this tracked group reach their forced-close zone. If the side stays crowded while price moves toward that band, the chance of forced trading rises. If the largest position leaves first, read the removal test again before trusting the old headline.