WuBlockchain
ETH fell below $2,500 at 15:18 on October 8 and was trading at $2,467.88, down 3.64% over 24 hours. BTC traded at $81,333.5, down 2.14%, while SOL slipped below $110 to $108.9, a 6.46% decline.
Why it matters
The moves came alongside $759 million in global liquidations over 24 hours, with 138,889 traders affected. Long positions accounted for $692 million, the vast majority of the total, as falling prices forced leveraged bullish bets to close.
Market impact
ETH, BTC and SOL were all lower, with SOL recording the steepest 24-hour drop among the three. The liquidation tally shows the scale of losses from forced closures, but does not establish whether selling pressure will continue.
Frequently asked questions
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How much did ETH lose over the 24-hour period?
ETH was trading at $2,467.88 after falling 3.64% over 24 hours.
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How many traders were liquidated globally?
A total of 138,889 traders were liquidated over the 24-hour period.
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How much of the liquidation total came from long positions?
Long positions accounted for $692 million of the $759 million in total liquidations.
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Which of ETH, BTC and SOL had the steepest 24-hour decline?
SOL had the steepest decline, down 6.46%. ETH fell 3.64% and BTC fell 2.14%.
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What price did BTC reach during the reported 24-hour period?
BTC was trading at $81,333.5, down 2.14% over 24 hours.
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