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Ether (ETH) Falls 5.86% in 24 Hours; Long Liquidations Total $7.13 Million

Collected Binance ETH/USDT readings recorded Ether at $2,325 at 9:55 a.m. ET (13:55 UTC) Oct. 15; the quote was 2.11% lower than four hours earlier.

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A passerby checks a phone outside a cryptocurrency exchange in Seoul. / EconoTimes.ai
A passerby checks a phone outside a cryptocurrency exchange in Seoul. / EconoTimes.ai

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Ether (ETH) fell 5.86% over 24 hours on Oct. 15, while long liquidations on Binance, Bybit and OKX exceeded short liquidations by more than $6 million in a separate one-hour measure.

Long ETH liquidations totaled $7.13 million on Binance, Bybit and OKX during the hour, versus $520,000 for shorts. The $6.61 million gap put long liquidations at about 13.7 times the short total.

The 24-hour loss was 3.75 percentage points larger than the four-hour decline. The price figures use four- and 24-hour windows; liquidations cover one hour.

Ether ranks second among crypto assets by market capitalization. An earlier Binance price snapshot in EconoTimes coverage put Ether at $2,349 at 9:20 a.m. ET Oct. 15.

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