Ether Liquidations Hit $12.97 Million in One Hour, Mostly Long Positions

Ether (ETH) liquidations reached $12.97 million in the hour through 10:56 a.m. ET (14:56 UTC) on Oct. 2, with long positions accounting for nearly all of the reported total. Ether was down 1.43% over that period, falling from $2,746 to $2,707.

Long liquidations totaled $12.91 million, while short liquidations were $50,000. The figures are TokenPost’s combined tally of publicly available liquidation data from Binance, Bybit and OKX, measured at 10:56 a.m. ET. They cover those three exchanges, not the entire market.

Ether is the second-largest crypto asset by market capitalization. The supplied figures do not identify a cause for the price decline or liquidations.