Ethereum Liquidations Hit $356 Million, Outpacing Bitcoin in a $1.19 Billion Crypto Flush

• About $1.19 billion in crypto positions were liquidated over 24 hours, with more than $1 billion coming from bullish bets.

• Ethereum (ETH) liquidations came to $356 million, ahead of Bitcoin’s $298 million.

• Ether’s market value is less than one-fifth of Bitcoin’s.

• Ether fell more than 3% to about $2,490, while Bitcoin lost about 1%.

• The largest single wipeout was a nearly $20 million ether position on Hyperliquid.

• Bitcoin dropped as low as roughly $80,400 on Thursday, then rebounded to about $82,200.

Ethereum took the heaviest hit in a $1.19 billion crypto flush. Ether liquidations of $356 million exceeded Bitcoin’s $298 million, even though ether’s market value is less than one-fifth as large.

Selling spread across digital assets over the past 24 hours, according to a CoinDesk report.

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Ethereum Liquidation Data: 24-Hour Snapshot

Key figures:

• Total crypto liquidations: about $1.19 billion (over $1 billion from bullish bets)

• Ethereum (ETH) liquidations: $356 million

• Bitcoin (BTC) liquidations: $298 million

• Ether liquidations per $1 billion of market value: about $1.2 million

• Bitcoin liquidations per $1 billion of market value: about $180,000

• Ether price: down more than 3% to about $2,490

• Bitcoin price: down about 1%

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Main News: Ethereum Absorbs the Heaviest Liquidations

About $1.19 billion in crypto positions were liquidated over 24 hours. Ether accounted for $356 million, ahead of Bitcoin at $298 million.

The biggest single wipeout was a nearly $20 million ether position on Hyperliquid.

Measured against market size, ether took far heavier damage. Its liquidations came to roughly $1.2 million per $1 billion of market value, against about $180,000 for Bitcoin.

Liquidations by Asset

Other tokens also posted sizable losses:

• Ethereum (ETH): $356 million

• Bitcoin (BTC): $298 million

• Solana (SOL): $71 million

• XRP: $34 million

• NEAR: $25 million

• All other tokens combined: about $119 million

Traders who monitor Ethereum and Bitcoin liquidation levels can follow live data through SpotX.

Bitcoin Falls to $80,400, Then Rebounds

Bitcoin dropped from about $83,200 to as low as roughly $80,400 late Thursday. A report that the Pentagon is preparing for renewed combat in Iran pushed oil higher.

Bitcoin then rebounded to about $82,200 after President Trump said the U.S. will not strike Iran before the midterm elections.

• Bitcoin high before the drop: about $83,200

• Low late Thursday: roughly $80,400

• Rebound level: about $82,200

Shorts Take the Losses on the Rebound

As Bitcoin recovered, losses shifted toward bearish traders. About 78% of the roughly $25 million liquidated over the past four hours came from traders betting on further declines.

Nearly $12 million of about $13 million liquidated in the past hour alone came from that group.

Comparison With October 10, 2025

The move comes a day before the anniversary of Oct. 10, 2025. A record $19 billion was liquidated in a single day then, roughly 16 times Thursday’s total.

Bitcoin now sits about $800 below $83,000, the level where Thursday’s selling began.

Summary: Ethereum Liquidations Today

About $1.19 billion in crypto positions were liquidated over 24 hours. Ethereum’s $356 million exceeded Bitcoin’s $298 million, despite ether’s smaller market value.

• Ether: down over 3% to about $2,490, with $356 million in liquidations

• Bitcoin: down about 1%, with $298 million in liquidations

• Other tokens: SOL $71 million, XRP $34 million, NEAR $25 million

• Rebound: Bitcoin recovered to about $82,200 from a low near $80,400

• Context: the October 10, 2025 flush saw a record $19 billion liquidated in a day

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