#EthereumLiquidationsHit$356M đš $1.19 Billion Crypto Liquidation Shock: ETH Takes a Bigger Hit Than $BTC
The crypto market has experienced a massive liquidation wave, with approximately $1.19 billion in positions wiped out within 24 hours. According to the figures in this report, long positions accounted for roughly 85â95% of the total liquidations. đ„
đ ETH vs. $BTC: Liquidation Breakdown
đ» $ETH: Approximately $356 million liquidated
đ» $BTC: Approximately $298 million liquidated
Despite Ethereumâs smaller market capitalization compared with Bitcoin, ETH recorded significantly higher liquidation losses. This highlights how leverage, volatility, and market positioning can amplify losses during sharp market moves.
đ Current Market Levels
Bitcoin
Reported price: Around $82,500
Thursdayâs low: Approximately $80,900
Key resistance: $83,000â$83,500
Key support: Around $80,900
Ethereum ($ETH )
Reported price: Around $2,498
Immediate resistance: $2,500
Next resistance zone: $2,560â$2,600
These prices and liquidation figures are from the supplied report and have not been independently verified.
đ Bullish vs. đ» Bearish Outlook
Bullish case: Some market participants believe a local bottom may be forming. Continued Ethereum purchases by BitMine are also attracting attention from investors.
Bearish case: Weakening altcoin ETF inflows, elevated oil prices, and uncertainty surrounding the Federal Reserveâs upcoming October 27â28 meeting could continue to pressure risk assets.
â ïž Why This Matters
Large liquidations can accelerate market moves as leveraged traders are forced out of positions. However, a liquidation spike alone does not confirm that the market has reached its bottom.
Traders should watch whether $BTC can reclaim the $83,000â$83,500 resistance zone and whether $ETH can sustain a move above $2,500.
#Bitcoin #Ethereum #BTC #ETH #CryptoNews #CryptoLiquidations #CryptoMarket #Trading
Not financial advice. Always do your own research (DYOR).
The crypto market has experienced a massive liquidation wave, with approximately $1.19 billion in positions wiped out within 24 hours. According to the figures in this report, long positions accounted for roughly 85â95% of the total liquidations. đ„
đ ETH vs. $BTC: Liquidation Breakdown
đ» $ETH: Approximately $356 million liquidated
đ» $BTC: Approximately $298 million liquidated
Despite Ethereumâs smaller market capitalization compared with Bitcoin, ETH recorded significantly higher liquidation losses. This highlights how leverage, volatility, and market positioning can amplify losses during sharp market moves.
đ Current Market Levels
Bitcoin
Reported price: Around $82,500
Thursdayâs low: Approximately $80,900
Key resistance: $83,000â$83,500
Key support: Around $80,900
Ethereum ($ETH )
Reported price: Around $2,498
Immediate resistance: $2,500
Next resistance zone: $2,560â$2,600
These prices and liquidation figures are from the supplied report and have not been independently verified.
đ Bullish vs. đ» Bearish Outlook
Bullish case: Some market participants believe a local bottom may be forming. Continued Ethereum purchases by BitMine are also attracting attention from investors.
Bearish case: Weakening altcoin ETF inflows, elevated oil prices, and uncertainty surrounding the Federal Reserveâs upcoming October 27â28 meeting could continue to pressure risk assets.
â ïž Why This Matters
Large liquidations can accelerate market moves as leveraged traders are forced out of positions. However, a liquidation spike alone does not confirm that the market has reached its bottom.
Traders should watch whether $BTC can reclaim the $83,000â$83,500 resistance zone and whether $ETH can sustain a move above $2,500.
#Bitcoin #Ethereum #BTC #ETH #CryptoNews #CryptoLiquidations #CryptoMarket #Trading
Not financial advice. Always do your own research (DYOR).