Ether (ETH) lost $59 on Binance’s spot market Tuesday, Nov. 10, while traders positioned for a price rise accounted for most liquidations across three crypto exchanges.
On Binance’s ETH/USDT market, the quote moved from $2,077 at 9:42 a.m. ET to $2,018 at 10:42 a.m. ET. The later quote was 5.78% below its level 24 hours earlier.
For that hour, the tally across Binance, Bybit and OKX showed $26.28 million in long liquidations against $3.51 million in shorts. The price readings cover Binance’s spot pair; the liquidation figures cover all three exchanges. Long positions gain when prices rise, while short positions gain when prices fall.
A separate snapshot put Ether at $2,017.94 as of 10:54 a.m. ET (15:54 UTC), down 5.75% over 24 hours, according to CoinGecko and exchange spot data.
The balance was reversed in an earlier one-hour EconoTimes reading on Oct. 20. Across the same exchanges, that separate interval brought $8.24 million in short liquidations and $240,000 in longs.
