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BTC $96,420 +2.34% ETH $3,280 +1.82% SOL $185.40 -0.92% BNB $642.50 +0.45% XRP $2.18 +3.12% DOGE $0.082 -1.50% ADA $1.05 +0.80% AVAX $42.10 +1.15%
BTC $96,420 +2.34% ETH $3,280 +1.82% SOL $185.40 -0.92% BNB $642.50 +0.45% XRP $2.18 +3.12% DOGE $0.082 -1.50% ADA $1.05 +0.80% AVAX $42.10 +1.15%
06/24/2026

$170M in Ether Longs Liquidated as Market Corrects

What happened: On June 23, a sharp market correction triggered $170 million in liquidations of bullish Ethereum (ETH) positions, erasing gains from the previous 12 days.

$170M in Ether Longs Liquidated as Market Corrects

What happened: On June 23, a sharp market correction triggered $170 million in liquidations of bullish Ethereum (ETH) positions, erasing gains from the previous 12 days. ETH fell to $1,670 during the sell-off before partially recovering. Bitcoin (BTC) also dropped below $63,000, with total crypto market liquidations estimated between $700 million and $1.73 billion during the event.

Why it matters: The scale of liquidations highlights the ongoing risks of high leverage in crypto markets, especially amid macro uncertainty and technical weakness. While headlines questioned ETH's outlook, the coin rebounded 3.5% after the flush, suggesting resilience but also continued volatility as traders recalibrate risk.

Source: Cointelegraph, Cryptonews