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  • If the price of ETH reaches $1,945.18, short sellers on GMX will face liquidation of their positions

If the price of ETH reaches $1,945.18, short sellers on GMX will face liquidation of their positions

2023/06/26
If the price of ETH reaches $1,945.18, short sellers on GMX will face liquidation of their positions

GMX data shows that the largest short seller on GMX is shorting ETH at 6.64x leverage with an entry price of $1,703.97 and a collateral value of over $1.8 million; the net loss is now over $1.33 million, a loss of 73.24%.

When the liquidity price reaches $1,945.18, its short ETH position of approximately $12 million will face liquidation.