Ether Liquidations Exceed Bitcoin’s in $1.12B Crypto Flush

Ether (ETH) traders suffered more forced liquidations than Bitcoin (BTC) traders during a broad crypto-market selloff, highlighting heavier losses in leveraged Ether positions.

A snapshot at 1:15 p.m. ET Oct. 8 (17:15 UTC) showed $318.30 million in Ether liquidations, compared with $286.15 million for Bitcoin. Total crypto liquidations reached $1.12 billion, including $1.04 billion from long positions held by traders betting on higher prices.

Ether fell more than 3% to about $2,490 during the move, while Bitcoin declined about 1%. The largest single liquidation was an Ether-USD position worth nearly $20 million on Hyperliquid.

A liquidation occurs when losses on a leveraged trade consume the trader’s collateral and automatically close the position. Forced closures can intensify declines when many traders are positioned for higher prices.