Ether Sees $44.69 Million in Long Positions Liquidated in One Hour

Ether (ETH) recorded $44.69 million in long-position liquidations in the hour ending 10:40 a.m. ET (15:40 UTC) Thursday, Nov. 5, as its price fell 3.39% to $2,283. The figures cover the same hour on Binance, Bybit and OKX.

Long positions accounted for $44.69 million, while short positions accounted for $6 million. The tally is limited to Binance, Bybit and OKX and does not represent the entire crypto market.

Ether traded at $2,364 at the start of the hour and $2,283 at the end, a change of $81. Both the price move and liquidation figures cover the hour ending at the stated cutoff, rather than a longer daily reporting period. The aggregate combines the three exchanges' public liquidation readings for that interval.

Ether is the second-largest crypto asset by market capitalization. The reported long-liquidation amount substantially exceeded the $6 million short figure during the same one-hour interval.