Markets· ★★★· bearish·

Ethereum liquidations hit $44M as longs absorb 74% of losses

  • —Long liquidations totaled $32.6M versus $11.4M in shorts
  • —Largest single liquidation was a $6.97M ETH/USDT long on Binance
  • —Ethereum futures open interest remains near $30 billion
  • —US spot ETH ETFs saw $220.7M in net outflows over five sessions to October 23
Why it matters: A sustained break below $2,300 could expose $2,200 and deepen selling pressure on ETH after the Fed decision.
#ETH#BTC
Source: Coinpaper
More on this
Markets · Oct 15
Ethereum Drops 6.2% to $2,351 as ETH Long Liquidations Hit $265.67M After Hot CPI
 Markets · Oct 15
Crypto Liquidations Near $1 Billion as Longs Take 91.6% of Losses
 Markets · Oct 13
$774M liquidated in 24 hours as longs take 89% of losses, Bitcoin at $81,594