Ether Loses $13.51 Million in Long Positions in One Hour

Ether (ETH) saw $13.51 million in long positions liquidated in the hour ending at 10:57 a.m. ET (14:57 UTC) on Oct. 7, as its price fell 0.96%. The total covers public liquidation data collected and combined from Binance, Bybit and OKX; it is not a marketwide figure.

The price moved from $2,697 to $2,671 during the same hour. Long liquidations accounted for the entire $13.51 million total, while short liquidations were $0.

Ether is the native asset of the Ethereum network and the second-largest cryptocurrency by market capitalization.