🚨 $1.19 BILLION in crypto liquidations — and Ethereum took a bigger hit than Bitcoin
More than $1B in leveraged LONG positions were wiped out during the 24-hour liquidation wave reported on Oct 9
Here's what caught my attention
ETH saw roughly $356M in liquidations, compared with $298M for $BTC
⚖️ Ethereum absorbed more liquidations in absolute dollars despite having less than one-fifth of Bitcoin's market cap
Relative to market size, ETH's liquidation intensity was roughly 6x that of BTC
That's a serious warning about how vulnerable crowded leverage can become
📉 When prices fall, leveraged longs can hit their liquidation thresholds, triggering forced position closures that add pressure to an already falling market
And here's an important distinction
$1.19B liquidated doesn't mean $1.19B in spot capital left crypto
It's the reported notional value of leveraged positions forcibly closed
👀 Now I'm watching whether $ETH can stabilize as open interest adjusts, or whether traders rush back into leverage before price finds support
$SOL
⚠️ A major liquidation flush can reduce excess leverage, but it doesn't automatically mark the bottom
The danger isn't just the first price drop
It's the chain reaction when leverage becomes the forced seller
#CryptoLiquidations #cryptotrading
More than $1B in leveraged LONG positions were wiped out during the 24-hour liquidation wave reported on Oct 9
Here's what caught my attention
ETH saw roughly $356M in liquidations, compared with $298M for $BTC
⚖️ Ethereum absorbed more liquidations in absolute dollars despite having less than one-fifth of Bitcoin's market cap
Relative to market size, ETH's liquidation intensity was roughly 6x that of BTC
That's a serious warning about how vulnerable crowded leverage can become
📉 When prices fall, leveraged longs can hit their liquidation thresholds, triggering forced position closures that add pressure to an already falling market
And here's an important distinction
$1.19B liquidated doesn't mean $1.19B in spot capital left crypto
It's the reported notional value of leveraged positions forcibly closed
👀 Now I'm watching whether $ETH can stabilize as open interest adjusts, or whether traders rush back into leverage before price finds support
$SOL
⚠️ A major liquidation flush can reduce excess leverage, but it doesn't automatically mark the bottom
The danger isn't just the first price drop
It's the chain reaction when leverage becomes the forced seller
#CryptoLiquidations #cryptotrading