Ether Slide Puts $1.35 Billion in Leveraged Longs at Risk

Ether (ETH) fell nearly 6% over 24 hours toward $2,500 on Oct. 7, putting about $1.35 billion in leveraged long positions at risk of liquidation and increasing pressure on traders who were betting on higher prices.

ETH traded near $2,570 at the cited market snapshot. About $1.35 billion of leveraged long exposure was positioned at liquidation levels below the prevailing price, while roughly $999.78 million in short exposure was vulnerable above it.

More than $221 million in Ether long positions had already been liquidated during the previous 24 hours. Total Ether liquidations reached about $233.36 million, with long positions accounting for approximately 95% of the amount. The largest single liquidation was a $26.64 million ETHUSDC position on Binance.

A further liquidation cluster worth about $112.83 million was concentrated near $2,511. Liquidation maps identify estimated price levels where leveraged trades become vulnerable; they do not mean every position at those levels will automatically be closed.