2026-06-16 13:18:52
ETH drops 0.65% in 15 minutes: leverage liquidation pressure continues after open interest hits a historical high
Between 13:00 and 13:15 (UTC) on June 16, 2026, ETH/USDT saw a short-term downturn, with a return rate of -0.65%. The price ranged from 1,791.54 to 1,816.94 USDT, with a swing of 1.40%. Within this 15-minute window, market volatility intensified, and bearish sentiment held the upper hand. The main driver of this move is the continued carryover effect of structural pressure in the derivatives market. On May 28, 2026, ETH futures open interest hit an all-time high of 16M ETH (about $3.18 billion),