$1 Billion Crypto Liquidation Wave Hits Ether Longs Hardest
- —Total crypto liquidation flush reached roughly $1 billion
- —Ether longs were liquidated about six times more than bitcoin longs
- —The skew points to heavier bullish leverage in ETH derivatives
- —Neither report specified the exact trigger behind the price move
Why it matters: Concentrated leverage in ether derivatives raises the risk of further sharp moves if market sentiment shifts again.
Source: Bitcoin Insider