Ethereum falls 6%, leaving $1.35 billion in long bets at risk of liquidation
Summary
Ether fell about 5.9% to roughly $2,570, nearing $2,500 and putting an estimated $1.35 billion in leveraged long positions at risk across lower price levels. More than $233 million in ETH positions were liquidated in 24 hours, mostly longs, while long-biased account ratios remained elevated despite negative funding rates. US spot Ether ETFs saw $202 million in outflows on Oct. 6, extending withdrawals to six sessions and about $408 million. The price decline and ETF redemptions raise the risk of further pressure, though cumulative ETF inflows remain substantial at $13.55 billion.
