Ethereum Drops 6.2% to $2,351 as ETH Long Liquidations Hit $265.67M After Hot CPI
- —ETH fell 6.2% to $2,351.63, with a 24-hour low of $2,332.43
- —ETH liquidations hit $288.6M, of which $265.67M (92.1%) were longs
- —Market-wide liquidations reached $959.14M, 91.7% from longs
- —ETH perpetual futures open interest stands at $43.97B
Why it matters: The hot CPI print reinforced expectations of a Fed rate hike on Oct. 27–28, pressuring risk assets and ETH holders.
Source: The Crypto Times