Ethereum drops below $2,500 as $759M in crypto longs get liquidated
- —Ethereum trades near $2,468, down about 4% in 24 hours
- —Total 24-hour liquidations hit $759 million, 91% from longs
- —About 139,000 traders were liquidated worldwide
- —Bitcoin fell 2% to $81,334; Solana dropped over 6% below $110
Why it matters: The long-liquidation cascade deepens pressure on ETH and altcoins, raising the risk of further downside if the $2,400 support breaks.
Source: Koin Bülteni