News View Non-AMP

Crypto Liquidations Hit $271M: Ethereum Investors at Risk?

Published by
Debashree Patra

As the cryptocurrency market begins to recover, a surge in liquidations tells a different story. According to CoinGlass data, crypto liquidations have exceeded $271 million, the highest total for the week. This surge has impacted major cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH), as well as newer projects like NEIRO. This volatility highlights the ongoing unpredictability of the market, with Ethereum notably lagging behind Bitcoin and other leading assets.

Is the current situation with crypto assets in ‘Uptober’ a sign of a liquidity war? Will the market maintain its gains, or will it decline further? Let’s explore the possibilities.

Crypto Liquidation Breakdown

Ethereum leads the liquidation trend, with $72.97 million wiped out. Long traders of ETH were hit the hardest when the expected price rise did not happen, causing losses as prices fell from $2,605 to $2,542. Long positions made up $56.58 million of the liquidations, while short traders lost $16.4 million. Bitcoin also faced significant liquidations, totaling $56.55 million, with long trades accounting for $28.62 million of that amount.

Other Cryptocurrencies Feel the Pinch

Other cryptocurrencies were not spared from the liquidation wave. Solana (SOL) experienced liquidations totaling $10.12 million, while NEIRO saw $6.49 million wiped out. Even meme coins like Shiba Inu (SHIB) faced minor losses, with liquidations below $1 million.

Is a Rebound Coming?

Despite the liquidation surge, there are signs of optimism within the Ethereum ecosystem. Ethereum’s gas fees have dropped significantly, making the network more usable, which could potentially boost transactions and drive a price increase. Additionally, Vitalik Buterin has introduced new developments for the network, such as The Verge, a system aimed at scaling the protocol through mobile phones.

It Won’t Be Easy…

However, challenges remain. Bitwise’s CIO, Matt Hougan, and data from IntoTheBlock suggest Ethereum may face further downside pressure due to strong resistance in the $2,545 to $2,621 range. With 3.2 million addresses having bought ETH in this price range, intense selling pressure could occur.

A Rocky Road Ahead for Ethereum

Additionally, analysts from CryptoQuant have noted a potential short squeeze, pointing to an increase in over-leveraged short trades on Ethereum. This situation could trigger a price spike, aiming for the $2,700 resistance level and potentially leading to more liquidations for short positions.

The cryptocurrency market remains unpredictable. While Ethereum faces notable challenges, there are signs that a price recovery might be on the horizon.

What do you think? Will Ethereum bounce back, or is the worst yet to come?

Debashree Patra

Fun-loving and cheerful, a passionate blockchain and crypto writer who knows no boundary…connect if you share the same passion. With 10+ years of writing experience, I am a Crypto Journalist by chance, exploring, and learning all the dynamics of the sci-fi action-filled crypto world. Currently, focusing on cryptocurrency news and price data. With a passion for research and challenging my capabilities, I am slowly getting into the crypto arena to bring new insights every day.

Recent Posts

Galaxy Digital Completes $9 Billion Bitcoin Sale for Satoshi-era Investor: What Next for BTC Price?

Galaxy Digital Inc. (NASDAQ: GLXY), a financial investment firm focused on the crypto market, has…

July 26, 2025

Darwin Breaks Through: The First Solana-Powered AI Platform Going Public – And It’s Not Playing Small

Something big is happening at the crossroads of AI, blockchain, and public markets, and this…

July 26, 2025

3 Best Cryptos Under $0.01 Ready to Explode in 2025 and Turn $100 Into $10,000

Historical crypto charts indicate that small coins, costing less than a penny, often experience explosive…

July 25, 2025

Ruvi AI’s (RUVI) Audited Token Could Rival Ripple (XRP) This Cycle, With New CoinMarketCap Listing It Won’t Stay in Phase 2 Long

The cryptocurrency world is buzzing with excitement as Ruvi AI (RUVI) gains momentum as a…

July 25, 2025

BitLemons ($BLEM) Poised for Growth as BTC Tests $118K Resistance and ETH Surges Past $3,700 – Is This the Breakout Moment Investors Have Been Waiting For?

The cryptocurrency market is experiencing a pivotal moment as institutional money floods into digital assets…

July 25, 2025

Bitcoin Price Prediction: Bullish And Bearish Scenarios Explained

Bitcoin is currently in a quiet phase. The price has been moving sideways without any…

July 25, 2025