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ETH futures open interest hits a new high, short positions face $66 million liquidation pressure.
[Chain News] On August 13, data from the platform showed that the open interest in ETH futures reached a historical high of approximately $35.5 billion. Short positions are facing immense pressure: on August 12, when the ETH price approached $4620, approximately $66 million in short positions were liquidated, marking the second-largest single-day short liquidation event of the year.