HomeUncategorizedEthereum sets record ETH short liquidations, wiping out $500 million in 2 days By Cointelegraph

Ethereum sets record ETH short liquidations, wiping out $500 million in 2 days By Cointelegraph

October 29, 2022

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Ethereum sets record ETH short liquidations, wiping out $500 million in 2 days

Ether (ETH) is setting liquidation records this week as a comparatively modest price uptick reveals how bearish the market has become.

Data from on-chain analytics platform CryptoQuant confirmed that United States dollar-denominated short liquidations hit a new all-time high on Oct. 25.

1-day candle chart (Bitstamp). Source: TradingView
USD-denominated ETH short liquidations chart. Source: CryptoQuant
ETH-denominated ETH short liquidations chart. Source: CryptoQuant
BTC liquidations chart. Source: Coinglass