Ether Long Liquidations Reach $38.12 Million in One Hour

Ether (ETH) saw $38.12 million in long positions liquidated over one hour through 10:20 a.m. ET (14:20 UTC) Oct. 24, as its price fell 0.79%.

The tally combines public liquidation data collected from Binance, Bybit and OKX. The three-exchange total reached $38.29 million for Ether during the hour. Long liquidations made up $38.12 million of that amount, compared with $180,000 in short liquidations.

Ether's price moved from $2,367 at the start of the hour to $2,348 by its end, a 0.79% decline. The price change and liquidation reading cover the same one-hour window ending at 10:20 a.m. ET (14:20 UTC) on Oct. 24.

The tally is limited to those three exchanges, so $38.29 million is not a marketwide total. Ether is the second-largest crypto asset by market capitalization. The reported figures show liquidations were concentrated in long positions during a period when ETH's price fell. The figures do not include liquidations on other exchanges or assets.