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Ether (ETH) Short Liquidations Reach $8.24 Million as Price Rises

Binance’s spot quote reached $2,419 on Oct. 20. Long liquidations across Binance, Bybit and OKX totaled $240,000 during the same hour.

Updated 1 min read
A data graphic compares Ether short and long liquidations with the hourly spot move / EconoTimes.ai
A data graphic compares Ether short and long liquidations with the hourly spot move / EconoTimes.ai

Short liquidations dominated an Oct. 20 Ether (ETH) tally on three exchanges as Binance spot prices rose 1.26% in an hour, in contrast with a separate Oct. 15 snapshot.

In the hour through 10:02 a.m. ET (14:02 UTC), $8.24 million in short positions were liquidated across Binance, Bybit and OKX. Long liquidations over the same period totaled $240,000.

Binance’s ETH/USDT spot quote moved from $2,389 to $2,419 during that hour, a gain of $30. The 24-hour change at the later reading was 1.12%. Those prices reflect Binance spot trading, while the liquidation tally combines figures from all three exchanges.

The balance was different in a separate Oct. 15 one-hour reading across the same venues: long liquidations totaled $7.13 million, against $520,000 in shorts. Ether’s 5.86% decline reported in that earlier story covered 24 hours, a different period from its one-hour liquidation tally.

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