Ether (ETH) Falls Below $2,125 as $118 Million in Longs Are Liquidated

Ether (ETH) fell below a flagged $2,125–$2,150 liquidation zone on Nov. 9, when roughly $118 million in long positions tied to two linked addresses were liquidated during a one-minute price drop.

An alert dated Nov. 6 had flagged about $130 million in potential long-liquidation exposure in that range, roughly 4.1% from Ether’s then-current price. Ether fell from $2,158.60 to $2,058.50 in one minute as it broke below the zone.

The two linked addresses had cumulative losses of about $27.18 million. Ether later reached $2,003.70, about 10.2% below the roughly $2,230 level cited in the original post.

A separate snapshot in the Nov. 11 update put potential long liquidations within a range extending 10% above and below the then-current price at 26.3 times potential short liquidations. The snapshot described the risk as concentrated to the downside.

A liquidation is the forced closure of a leveraged position when its collateral can no longer support the trade. The roughly $130 million figure was potential exposure in the flagged range; the later $118 million figure was tied to positions that were liquidated.