Even a small 2.25% decline this weekend could trigger the liquidation of over $500 million in Ether long positions.
More than half a billion dollars worth of Ether (ETH) long positions could face liquidation if Ether experiences the same price volatility as it did last weekend.
This comes amid mounting concerns that the U.S. Securities and Exchange Commission (SEC) might reject an Ether spot ETF next month.
At the time of publication, Ether is currently trading at $3,134, as per CoinMarketCap data.