$247,764,368 in Ethereum to Disappear Once $5,000 ETH Becomes Reality

Ethereum’s next big move could be more than just breaking a round number, as it may set off a massive short squeeze worth nearly a quarter of a billion dollars. According to CoinGlass data, if ETH climbs past $5,100, approximately 52,430 ETH in short positions on Hyperliquid — worth about $247,764,368 at current prices — would be liquidated instantly.