✉news BusinessCrypto first seen 1 d ago, last 1 d ago, peak #9
Ethereum Hit Harder Than Bitcoin in $1.19B Liquidation Flush
Original: Crypto Liquidations Explained: Why Ethereum Was Hit Harder Than Bitcoin in the $1.19B Flush
Roughly $1.19 billion in crypto positions were liquidated in a market-wide flush, with Ethereum absorbing heavier losses than Bitcoin. Analysts attribute the gap to Ethereum's higher leverage in derivatives markets and its tighter correlation with altcoins, which saw steeper drawdowns during the sell-off, forcing mass liquidations of long positions.
Why now: A large-scale liquidation event wiped out over a billion dollars in leveraged positions, drawing attention to Ethereum's greater vulnerability.
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- Crypto Liquidations Explained: Why Ethereum Was Hit Harder Than Bitcoin in the $1.19B Flush · HackerNoon
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