Ether Long Liquidations Reach $11.52 Million in One Hour

Ether (ETH) long positions worth $11.52 million were liquidated across Binance, Bybit and OKX in the hour ending 7:51 p.m. ET Sunday, Oct. 25 (23:51 UTC), while ETH fell 1.12%.

The total was $11.77 million, including $250,000 in short liquidations across Binance, Bybit and OKX; it is not a market-wide total.

The measurement window ran from 6:51 to 7:51 p.m. ET (22:51 to 23:51 UTC). Ether started the hour at $2,345 and ended at $2,319, a $26 decline. Long liquidations exceeded short liquidations by $11.27 million during the period.

Long positions are bets on rising prices, while short positions are bets on falling prices; liquidation is a forced position closure. Ether ranked second among crypto assets by market capitalization. The reported total includes both long and short liquidations.