Ethereum sets record ETH short liquidations, wiping out $500 million in 2 days
Ether (ETH) is setting liquidation records this week as a comparatively modest price uptick reveals how bearish the market has become.
Data from on-chain analytics platform CryptoQuant confirmed that United States dollar-denominated short liquidations hit a new all-time high on Oct. 25.
1-day candle chart (Bitstamp). Source: TradingViewUSD-denominated ETH short liquidations chart. Source: CryptoQuantETH-denominated ETH short liquidations chart. Source: CryptoQuantBTC liquidations chart. Source: Coinglass