Ether Short Liquidations Reach $10.29 Million in One Hour

Ether (ETH) short-position liquidations reached $10.29 million in the hour through 4:48 p.m. ET Thursday (20:48 UTC), as the cryptocurrency’s price rose 0.32% to $2,471 from $2,463.

The total included $10.29 million in short liquidations and no long liquidations. Short liquidations occur when positions betting on a price decline are forcibly closed after the market moves higher.

TokenPost collected and combined publicly available liquidation data from Binance, Bybit and OKX for the one-hour period. The figure covers those three exchanges and is not a total for the broader cryptocurrency market.

Ether is the asset associated with Ethereum, the blockchain network. The data point captures liquidation activity through the stated cutoff time and does not provide a forecast for the asset’s next move.