Ether Short Liquidations Hit $27.21 Million in One Hour

Ether (ETH) traders betting on a decline had $27.21 million in short positions liquidated across three exchanges in the hour ending at 8:02 p.m. ET Oct. 20 (00:02 UTC Oct. 21).

The tally combines public liquidation records that TokenPost collected from Binance, Bybit and OKX. Liquidations across those exchanges totaled $28.31 million during the hour, including $1.10 million in long positions. The total covers those three exchanges rather than the entire crypto market.

Ether rose from $2,419 to $2,462 over the same hour, a gain of 1.80%. Short positions accounted for most of the liquidations in the snapshot, while long positions made up the rest. The price change and liquidation figures cover the same one-hour period.

Ether is the second-largest cryptocurrency by market capitalization. The snapshot captures a sharp imbalance between short and long liquidations as its price rose. It does not include liquidations on other exchanges.