BTC and ETH have fallen sharply. According to bybt, the total amount of liquidation in the past hour exceeded 215 million. pic.twitter.com/TzBGeWL84G— Wu Blockchain (@WuBlockchain) September 7, 2021
Around $80 million worth of Ether longs were liquidated. The amount of liquidated ETH shorts was $1.26 million in Ether.
The largest amount of ETH longs was liquidated on the Bybit exchange: $36.04 million. It is followed by OKEx and Huobi with $16.33 million and $12.48 million, respectively.
This massive amount of long positions liquidated pushed the second-largest crypto to the $3,758 level, taking another 4.5% away from its price. However, by now, Ethereum is recovering and, at press time, the coin is changing hands at $3,918 on the Binance exchange.
It was followed by another $32.7 million worth of ETH liquidations.
ETHER EXTENDS LOSSES, DOWN 4.5% AT $3,758— *Walter Bloomberg (@DeItaone) September 7, 2021
It looks like, after seeing Ethereum revisit the $4,000 level, traders have started withdrawing profits.
Traders have also liquidated around $28.98 million worth of Bitcoin longs, according to Bybt.