Ether Sees $11.12 Million in Long Liquidations in One Hour

Ether (ETH) saw $11.12 million in long positions liquidated during the hour ending at 7:45 a.m. ET (12:45 UTC) Thursday, Nov. 5, as its price fell 0.99% to $2,396. We tallied $11.14 million in total liquidations from public data collected from Binance, Bybit and OKX over the same hour. Long positions accounted for $11.12 million, while short positions accounted for $20,000. The count covers those three exchanges only and does not represent a marketwide total. The hour began with ETH at $2,420 and ended at $2,396, a $24 decline matching the 0.99% price move. Long positions accounted for virtually all recorded liquidations, while the $20,000 in short liquidations made up the small remainder. Ether is the second-largest crypto asset by market capitalization.

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