Ether Falls 1.31% in One Hour to $2,478 as Long Liquidations Reach $7.62M

Ether (ETH) fell 1.31% in one hour to $2,478 at 10:07 a.m. ET (14:07 UTC) on Oct. 14, while liquidations were concentrated in bullish leveraged positions across three major exchanges.

The price was $2,511 an hour earlier. Ether was down 0.92% over 24 hours at the time of the update. The figures are based on spot ETH/USDT prices collected from Binance and liquidations tallied across Binance, Bybit and OKX.

Long liquidations reached $7.62 million over the hour, compared with $340,000 in short liquidations. Long liquidations occur when leveraged bets on rising prices are forcibly closed; short liquidations close leveraged bets on falling prices.