Ether Sees Massive Long Liquidations Amid Price Drop

Ether (ETH) experienced a significant amount of long-position liquidations on September 27-28, as it fell in value. According to publicly available data from Binance, Bybit and OKX, Ether's price dropped by 1.07% to $2,657. During this time, there were $10.21 million in long-position liquidations, with total liquidations reaching $10.25 million.

It's worth noting that the calculation only includes data from these three exchanges and does not represent the entire market. Long positions accounted for the majority of liquidations, totaling $10.21 million, while short-position liquidations were much lower at $50,000.