Ether Long Liquidations Reach $27.36 Million in One Hour

Ether (ETH) long positions worth $27.36 million were liquidated in the hour through 9:32 a.m. ET Saturday, while its price fell 1.58%.

The tally listed $27.36 million in long liquidations and $250,000 in short liquidations. The calculation combines public liquidation figures from Binance, Bybit and OKX and covers those venues only.

Ether's price moved from $1,889 at the beginning of the hour to $1,859 at its end, a 1.58% decline. The price and liquidation figures use the same one-hour window. The cutoff was 9:32 a.m. ET (14:32 UTC) on Nov. 14.

Ether is the second-largest crypto asset by market capitalization. Long positions are bets on price increases, while short positions are bets on declines; the figures show liquidations were concentrated on the long side. Because the tally uses Binance, Bybit and OKX data, it does not represent liquidations across the entire crypto market.

Enna Lee

Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to [email protected].