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Ether Drops 3.1% in One Hour to $2,611 as Long Liquidations Top $62.44M
Ether fell from $2,694 to $2,611 in one hour, while 24-hour losses reached 3.51%.
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Ether (ETH) fell to $2,611 at 10:03 p.m. ET (02:03 UTC) on Oct. 6, dropping 3.09% from $2,694 in the previous hour as leveraged long positions faced heavy liquidations.
The price was measured on Binance’s spot ETH/USDT market through TokenPost’s direct collection of public exchange prices. Ether was down 3.51% from its level 24 hours earlier.
Long Ether liquidations totaled $62.44 million across Binance, Bybit and OKX during the same one-hour period. Short liquidations totaled $290,000.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.