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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%
10/09/2026

Ether Liquidations Six Times Bitcoin’s Rate in $1 Billion Crypto Flush

What happened: Over $1.

Ether Liquidations Six Times Bitcoin’s Rate in $1 Billion Crypto Flush

What happened: Over $1.19 billion in leveraged crypto positions were liquidated in the past 24 hours, with more than $1 billion from long positions. Ethereum accounted for $356 million of these liquidations—about six times the rate of Bitcoin relative to market capitalization. The largest single liquidation was a $20 million ETH long on Hyperliquid. Other notable liquidations included SOL ($71 million), XRP ($34 million), and NEAR ($25 million). ETH fell 3% to around $2,490, while BTC bounced from $80,400 to over $82,000.

Why it matters: The disproportionate liquidation of ETH positions points to overleverage in the Ethereum derivatives market, especially as ETH’s market cap is less than a fifth of BTC’s. The flush was triggered by a combination of rate-cut uncertainty, geopolitical tensions, and AI-related market warnings. This episode highlights the persistent risk of cascading liquidations in crypto markets, particularly for assets with high leverage and thinner liquidity relative to Bitcoin.

Source: CoinDesk