Add as a preferred source on GoogleEther Falls 1.21% in One Hour to $2,385 as Long Liquidations Reach $9.1 Million
The Binance spot ETH/USDT quote was $2,414 an hour earlier. Liquidations across Binance, Bybit and OKX were heavily concentrated in long positions.
Ether (ETH) fell 1.21% in one hour to $2,385 at 10:22 p.m. ET Oct. 14 (02:22 UTC Oct. 15), with Binance's ETH/USDT spot pair at $2,385.
At $2,414 one hour before the snapshot, the ETH/USDT spot pair provided the comparison point for the 1.21% calculation. The latest reading was $29 below that earlier quote.
Liquidations over that same hour totaled $9.1 million for long positions and $70,000 for short positions across Binance, Bybit and OKX. Liquidations are forced closures of trading positions. The reported totals show more long-position liquidations by dollar value.
The snapshot placed Ether second by market capitalization at about $295.07 billion. The price reading reflects one exchange's spot pair, while liquidation figures combine activity across three exchanges.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.