Ethereum Led Nearly $1 Billion in Crypto Liquidations as Traders Held Positions Into the Drop
- —Crypto liquidations neared $1 billion, with Ethereum leading
- —ETH traders did not cut positions before the price drop
- —Crowded longs amplified the liquidation cascade
Why it matters: Heavy ETH long positioning raises the risk of further cascading liquidations if the market slides again.
Source: Google News (crypto query)