A company that is changing the way the world mines bitcoin

Crypto Potato 2025-01-13 18:58:51

Ethereum Bulls Face $185M in Liquidations as ETH Price Slumps to 2-Month Low

Amid the broader market’s correction yet again today, ETH’s price has taken a major hit and tumbled below $3,000 for the first time since early November. This has caused a lot of liquidations for over-leveraged bulls, with the number skyrocketing to nearly $200 million only for ETH-related positions. ETHUSD. Source: TradingView As the graph above demonstrates, the second-largest cryptocurrency broke above $3,000 after the US elections in early November and didn’t look back for the next two months. Moreover, the asset peaked at just over $4,100 on December 16, but that was as far as it could go. During the end-of-the-year crash, ETH slumped to $3,100 but managed to defend the $3,000 support. It bounced off and went on the offensive at the start of 2025. Its yearly peak came on January 7 when it jumped to $3,750. However, that’s when the landscape took a turn for the worse, and ETH, alongside the rest of the market, started to plunge. The subsequent rejection drove Ethereum’s price to $3,300, where it spent most of the next few days. However, another leg down initiated by the bears today pushed it south even further, and it slipped below $3,000 minutes ago for the first time since early November. ETH is down by precisely 20% since its January 7 high (or $750 in USD perspective). Today’s drop was particularly painful for over-leveraged traders with long positions, as the total such liquidations has gone up to $185 million, according to CoinGlass. In fact, ETH’s liquidations have surpassed even those for BTC , whose price tumbled from $96,000 earlier this morning to under $90,000 briefly. Liquidation Heat Map. Source: CoinGlass The post Ethereum Bulls Face $185M in Liquidations as ETH Price Slumps to 2-Month Low appeared first on CryptoPotato .

Наиболее читаемые новости

Rate Cuts Delayed, Crypto Cautious, QCP Capit...
2025-01-14
Polygon Launches Season 2 of Community Grants...
2025-01-14
Apple, Google and Meta play the Trump card to...
2025-01-14
Degen Elon (ELONDEG) Solana Memecoin to Surge...
2025-01-14
Coinbase’s Partial Victory Sends Ripples Thro...
2025-01-14
AI Agent Tokens Skyrocket as Franklin Templet...
2025-01-14
Crypto Platform Issues Warning Over Fake BSC...
2025-01-14
Ripple’s Legal Team Confident Amid SEC Appeal...
2025-01-14

Связанные новости

Прочтите Отказ от ответственности : Весь контент, представленный на нашем сайте, гиперссылки, связанные приложения, форумы, блоги, учетные записи социальных сетей и другие платформы («Сайт») предназначен только для вашей общей информации, приобретенной у сторонних источников. Мы не предоставляем никаких гарантий в отношении нашего контента, включая, но не ограничиваясь, точность и обновление. Никакая часть содержания, которое мы предоставляем, представляет собой финансовый совет, юридическую консультацию или любую другую форму совета, предназначенную для вашей конкретной опоры для любых целей. Любое использование или доверие к нашему контенту осуществляется исключительно на свой страх и риск. Вы должны провести собственное исследование, просмотреть, проанализировать и проверить наш контент, прежде чем полагаться на них. Торговля - очень рискованная деятельность, которая может привести к серьезным потерям, поэтому проконсультируйтесь с вашим финансовым консультантом, прежде чем принимать какие-либо решения. Никакое содержание на нашем Сайте не предназначено для запроса или предложения