🚨 $ETH IS GETTING HIT HARDER THAN $BTC!
Ethereum saw almost 60% of the liquidations between BTC and ETH.
💥 On October 15:
$ETH: $286M liquidated
$BTC: $197M liquidated
The surprising part is that ETH’s futures market is about 40% smaller than BTC’s, but ETH still had 45% more liquidations.
📉 ETH dropped more than 6%, while BTC fell around 3%.
Almost $1B in total crypto positions were liquidated. This shows how risky high leverage can be.
When the market drops, leveraged traders can be forced to sell. This can push prices even lower and cause more liquidations.
👀 ETH is taking a bigger hit right now.
Could this be an opportunity, or could more downside come?
I’m watching the market closely. No need to rush into trades while volatility is this high.
#ETH #BTC #Ethereum #Bitcoin #Crypto #DYOR
Ethereum saw almost 60% of the liquidations between BTC and ETH.
💥 On October 15:
$ETH: $286M liquidated
$BTC: $197M liquidated
The surprising part is that ETH’s futures market is about 40% smaller than BTC’s, but ETH still had 45% more liquidations.
📉 ETH dropped more than 6%, while BTC fell around 3%.
Almost $1B in total crypto positions were liquidated. This shows how risky high leverage can be.
When the market drops, leveraged traders can be forced to sell. This can push prices even lower and cause more liquidations.
👀 ETH is taking a bigger hit right now.
Could this be an opportunity, or could more downside come?
I’m watching the market closely. No need to rush into trades while volatility is this high.
#ETH #BTC #Ethereum #Bitcoin #Crypto #DYOR