Ether just ran up 5.16% in roughly an hour to $2,437.66, and the traders caught short paid for it. Our streams recorded $136.9M in short liquidations over the last 60 minutes. These are bets on a lower price that exchanges closed by force.

The long side barely felt the move, with $2.2M liquidated over the same hour. These are recorded figures from our own collectors, so the full market total is at least this large.

$ETH is up 6.61% over 24 hours. Funding stands at 0.01% per interval, the small fee traders holding longs pay to keep them open.