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Long Liquidations Reach $1.84 Million as Ethena Slides on Binance

Ethena’s Binance quote fell 18.25% over four hours. A separate one-hour count showed $30,000 in short liquidations.

Updated 1 min read
An anonymous hand checks a cryptocurrency price on a phone on a rain-darkened Seoul street / EconoTimes.ai
An anonymous hand checks a cryptocurrency price on a phone on a rain-darkened Seoul street / EconoTimes.ai

Long liquidations dominated a one-hour Ethena (ENA) tally across three exchanges as Binance’s spot quote fell 18.25% over four hours, with the measures covering separate time windows.

On Thursday, Oct. 29, at 8:25 p.m. ET (00:25 UTC Friday, Oct. 30), Binance’s ENA/USDT market quoted the token at $0.1684. The quote was 18.25% below its level four hours earlier and 19.31% below the 24-hour reference.

The one-hour tally across Binance, Bybit and OKX recorded $1.84 million in long liquidations, compared with $30,000 in short liquidations. Long positions are bets on price gains; short positions benefit from price declines. The tally and spot quote shared an observation time but measured different spans: one hour for liquidations and four hours for price.

CoinGecko and exchange spot data showed ENA at $0.1681, down 18.88% over 24 hours, as of 00:37 UTC Friday, Oct. 30. A previous EconoTimes snapshot of Ethena liquidations recorded $1.94 million in long liquidations.

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