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Ethereum Shorts Take A $27 M Hit, Bitcoin Long Positions Suffer Liquidations — Analytics Firm Reveals Large ETH Wallets Hit Record Highs

Published by
Benzinga

Over $27 million worth of short Ethereum (CRYPTO: ETH) positions were liquidated in the past 24 hours as the price of Ethereum soared, nearly reaching the $2400 level. What Happened: Data from CoinGlass indicates a total of $33.75 million ETH in liquidations occurred across exchanges. Specifically, shorts composed 78.67% of this figure. Leading the pack, Binance accounted for $11.30 million in ETH shorts. OKX and Huobi also faced considerable ETH short liquidations, witnessing 69.53% and 85.17% respectively. While Ethereum short holders faced losses, Bitcoin (CRYPTO: BTC) saw over $26 million …

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