Ether Long Liquidations Hit $16.53 Million in One Hour

Ether (ETH) long-position liquidations reached $16.53 million in the hour through 7:13 a.m. ET (11:13 UTC) Oct. 8, as the cryptocurrency fell 1.07% to $2,537.

Total liquidations reached $16.53 million across Binance, Bybit and OKX. Long liquidations accounted for $16.53 million, while short liquidations totaled $10,000.

Ether traded at $2,565 at the start of the measured hour before falling to $2,537. The figures cover only the three exchanges and do not represent total liquidations across the broader market.