Ether Short Liquidations Reach $21.99 Million in One Hour

Ether (ETH) short-position liquidations totaled $21.99 million during the one-hour period ending at 5:18 p.m. ET (21:18 UTC) Oct. 8, while the asset rose 0.08%. The figures cover Binance, Bybit and OKX and were tallied by TokenPost from publicly available liquidation data.

Short liquidations accounted for the full $21.99 million total. Long liquidations totaled $0 million during the same period.

Ether traded at $2,473 at the start of the hour and reached $2,475 by the end, a $2 increase. Ether is the asset of the Ethereum network and ranks No. 2 by market capitalization.

The tally covers three exchanges rather than the entire cryptocurrency market, so it does not represent total Ether liquidations across all trading venues.