ethliquidation

#EthereumDropsBelow$2400

The sudden collapse below the key support floor was fueled by a combination of macroeconomic factors and cascading technical leverage:

Hotter-Than-Expected Inflation: U.S. consumer price index (CPI) data for September came in hotter than projected at 3.7% year-over-year (core CPI at 2.6%). This sparked renewed anxiety over potential rate hikes and tighter macro liquidity, leading to spiking U.S. Treasury yields and a flight from risk assets. [1, 2]

Massive Long Liquidations: High leverage in the derivatives market unwound aggressively as the price fell. Across the entire crypto market, nearly 180,000 traders were wiped out, resulting in $860 million to $950 million in long-position liquidations within a 24-hour window. [1, 2]

Institutional Outflows: Ethereum has faced persistent structural headwinds, including continuous net outflows from U.S. spot Ethereum ETFs. [1, 2]

$CAKE.US
$JST
$DOGE
#EtherTook60%OfCryptoLiquidations
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#ETHLiquidationPressureReaches