Ether Shorts Face $10.50 Million in Liquidations in One Hour

Ether (ETH) saw $10.50 million in short-position liquidations during the hour ending at 6:26 p.m. ET Oct. 4, as its price rose 1.04% to $2,733 from $2,705. The figure covers three exchanges and is not a marketwide total.

The combined liquidations on Binance, Bybit and OKX totaled $10.51 million. Short positions accounted for $10.50 million, while long-position liquidations totaled $0.00. The figures reflect data collected and combined by TokenPost through the end of that one-hour period.

A liquidation occurs when an exchange forcibly closes a trader’s position, commonly when the trader can no longer meet the position’s margin requirements. The reported figures show nearly all liquidations in the measured period were short positions, which are bets on a price decline. Ether ranked No. 2 by market capitalization in the supplied market data.