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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%
10/10/2026

ETH Liquidations Outpace Bitcoin 6:1 in $1 Billion Crypto Flush

What happened: Over $1.

ETH Liquidations Outpace Bitcoin 6:1 in $1 Billion Crypto Flush

What happened: Over $1.19 billion in crypto positions were liquidated in the past 24 hours, with Ethereum traders suffering $356 million in losses—more than bitcoin's $298 million, despite ETH's smaller market cap. The rate of ETH liquidations per dollar of market cap was about six times higher than BTC. Most losses came from leveraged long positions, affecting over 181,000 traders. The largest single liquidation was a $19.98 million ETH position on Hyperliquid.

Why it matters: The outsized impact on ETH highlights the risks of leverage, particularly as traders bet heavily on narratives like tokenized assets and stablecoins. Catalysts included Fed rate hike expectations, geopolitical tensions with Iran, and warnings about AI-driven cryptography attacks. The event demonstrates how quickly market sentiment can shift and the vulnerability of highly leveraged positions, especially in assets at the center of new adoption trends.

Source: CoinDesk