🚨 $ETH IS GETTING HIT HARDER THAN $BTC !
Ethereum accounted for nearly 60% of the liquidations across BTC and ETH, with $286M wiped out compared to Bitcoin’s $197M on October 15.
Here’s the crazy part: ETH’s futures market is around 40% smaller than BTC’s, yet it recorded 45% more liquidations. #EtherTook60%OfCryptoLiquidations
ETH dropped over 6%, while BTC fell around 3%. With nearly $1B in total crypto liquidations, leveraged traders are paying the price.
This is what excessive leverage looks like. When the market turns, forced selling accelerates the decline, triggering even more liquidations.
ETH is taking the bigger hit, but does this create an opportunity or signal more downside?
I’m watching how the market reacts next. No need to rush into trades while volatility remains this high.
#ETHDropsBelow2400USDT
DYOR. 👀
Ethereum accounted for nearly 60% of the liquidations across BTC and ETH, with $286M wiped out compared to Bitcoin’s $197M on October 15.
Here’s the crazy part: ETH’s futures market is around 40% smaller than BTC’s, yet it recorded 45% more liquidations. #EtherTook60%OfCryptoLiquidations
ETH dropped over 6%, while BTC fell around 3%. With nearly $1B in total crypto liquidations, leveraged traders are paying the price.
This is what excessive leverage looks like. When the market turns, forced selling accelerates the decline, triggering even more liquidations.
ETH is taking the bigger hit, but does this create an opportunity or signal more downside?
I’m watching how the market reacts next. No need to rush into trades while volatility remains this high.
#ETHDropsBelow2400USDT
DYOR. 👀