Ethereum Sees $356M in Liquidations in 24 Hours! ETH Among the Hardest Hit in This Crash
The most dangerous part of this market move isn’t just the price drop—it’s that leveraged longs are being liquidated en masse.
According to an October 9 report by CoinDesk, Ethereum-related positions saw about $356 million in liquidations over the past 24 hours, exceeding the roughly $298 million in Bitcoin liquidations during the same period. Total liquidations across the market came to around $1.19 billion, with more than $1 billion coming from bullish long positions.
What do these figures tell us?
1️⃣ Leverage risk is more pronounced for ETH
Ethereum’s market cap is less than one-fifth of Bitcoin’s, yet its liquidation total was higher. This suggests that ETH derivatives positions have been hit particularly hard by this bout of volatility.
2️⃣ Long liquidations could amplify the decline
Falling prices trigger forced liquidations, which can add further selling pressure and create a chain reaction. In highly leveraged markets, spot selling isn’t necessarily the only factor driving prices down.
3️⃣ Liquidations ending doesn’t mean the market will immediately reverse
After a large number of positions have been wiped out, short-term selling pressure may ease. But what happens next still depends on spot buying, ETF flows, and market sentiment. Liquidation data alone doesn’t prove that a bottom is in.
My take: This market move is another reminder that even if you get the direction right, high leverage doesn’t guarantee a profit.
The more volatile the market, the more important position management becomes. Don’t just focus on how much ETH has fallen—pay attention to how much leverage risk remains to be unwound.
#ETH #以太坊清算额达3.56亿美元
The most dangerous part of this market move isn’t just the price drop—it’s that leveraged longs are being liquidated en masse.
According to an October 9 report by CoinDesk, Ethereum-related positions saw about $356 million in liquidations over the past 24 hours, exceeding the roughly $298 million in Bitcoin liquidations during the same period. Total liquidations across the market came to around $1.19 billion, with more than $1 billion coming from bullish long positions.
What do these figures tell us?
1️⃣ Leverage risk is more pronounced for ETH
Ethereum’s market cap is less than one-fifth of Bitcoin’s, yet its liquidation total was higher. This suggests that ETH derivatives positions have been hit particularly hard by this bout of volatility.
2️⃣ Long liquidations could amplify the decline
Falling prices trigger forced liquidations, which can add further selling pressure and create a chain reaction. In highly leveraged markets, spot selling isn’t necessarily the only factor driving prices down.
3️⃣ Liquidations ending doesn’t mean the market will immediately reverse
After a large number of positions have been wiped out, short-term selling pressure may ease. But what happens next still depends on spot buying, ETF flows, and market sentiment. Liquidation data alone doesn’t prove that a bottom is in.
My take: This market move is another reminder that even if you get the direction right, high leverage doesn’t guarantee a profit.
The more volatile the market, the more important position management becomes. Don’t just focus on how much ETH has fallen—pay attention to how much leverage risk remains to be unwound.
#ETH #以太坊清算额达3.56亿美元