🚨 ETH took nearly 60% of Bitcoin and Ethereum's liquidations. Here's the detail that matters.
#ethertook60%ofcryptoliquidations
CoinDesk's October 15 report, citing CoinGlass data, recorded roughly $483M in BTC and ETH futures liquidations over 24 hours.
ETH accounted for $286M.
BTC accounted for $197M.
Yet ETH's futures open interest was around $30B, compared with $52B for BTC.
Ethereum absorbed a disproportionate share of the forced closures despite having the smaller futures market.
There's another pressure point: US spot ETFs recorded $261M in Bitcoin outflows and $130M in Ethereum outflows on October 14.
These are different signals, not proof that ETF withdrawals caused the liquidations.
But together, they show why a market decline can accelerate when demand weakens and leveraged positions are forced to close.
The next question is whether spot demand stabilizes before leverage builds again.
Is ETH facing a temporary leverage flush, or a deeper demand problem?
Not financial advice.
$ETH $XRP $BTC
#EthereumDropsBelow$2400 #EtherTook60%OfCryptoLiquidations #BitcoinAndEtherETFsShed$1.56BInTwoWeeks #SpotBitcoinETFsShed$261M
#ethertook60%ofcryptoliquidations
CoinDesk's October 15 report, citing CoinGlass data, recorded roughly $483M in BTC and ETH futures liquidations over 24 hours.
ETH accounted for $286M.
BTC accounted for $197M.
Yet ETH's futures open interest was around $30B, compared with $52B for BTC.
Ethereum absorbed a disproportionate share of the forced closures despite having the smaller futures market.
There's another pressure point: US spot ETFs recorded $261M in Bitcoin outflows and $130M in Ethereum outflows on October 14.
These are different signals, not proof that ETF withdrawals caused the liquidations.
But together, they show why a market decline can accelerate when demand weakens and leveraged positions are forced to close.
The next question is whether spot demand stabilizes before leverage builds again.
Is ETH facing a temporary leverage flush, or a deeper demand problem?
Not financial advice.
$ETH $XRP $BTC
#EthereumDropsBelow$2400 #EtherTook60%OfCryptoLiquidations #BitcoinAndEtherETFsShed$1.56BInTwoWeeks #SpotBitcoinETFsShed$261M