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Ether Drops 1.9% in One Hour to $2,663; Long Liquidations Hit $43.19M
Ether fell from $2,715, while short liquidations totaled $690,000 across three major exchanges during the same hour.
Mentioned assets
Ether (ETH) fell 1.91% in one hour to $2,663 at 10:29 a.m. ET (14:29 UTC) Sept. 23, with long liquidations reaching $43.19 million.
The price declined from $2,715 one hour earlier. The price was measured in Binance’s spot ETH/USDT market.
Liquidations across Binance, Bybit and OKX totaled $43.19 million for long positions and $690,000 for short positions during the same hour. Long liquidations occur when leveraged bets on higher prices are forcibly closed after the market falls.
Ether remains the second-largest crypto asset by market capitalization, at about $331.47301 billion.
