Ethereum (ETH) suffering as crypto market plunges today, but biggest rival Solana (SOL) hit worse
$500 Million in ETH Positions Liquidated, Ether Futures OI Loses $3 Billion, Ethereum to Benefit from Low-Risk DeFi: Ethereum News Recap Ethereum , the second-largest cryptocurrency, has seen its price dropping today amid a general market collapse.
While it registers almost 70% bigger liquidations compared to Bitcoin , it still looks strong compared to Solana .In the last 24 hours, over half a billion in Ethereum futures positions were liquidated. According to the data byOut of this monstrous volume, the biggest in 2025, 95% were long positions. As such, Ethereum bulls were the ones who lost $482.6 million in equivalent.During the ongoing bloodbath, 402,369 traders were liquidated, the total liquidations exceeding $1.71 billion, CoinGlass data shows. To provide context, for some currencies, today's drop was more painful than Crypto's Black Thursday, March 12, 2020. It is interesting that the liquidations of such volume were triggered by mediocre price swings. Ethereum lost 6.5% in 24 hours, while Solana is down by 7.2%. The Ethereum price dropped to $4,150 while Solana dropped to $220. Both cryptocurrencies are already recovering from these painful collapses.Ethereum Open Interest, i.e., the USD-denominated volume of Ethereum contracts, which are not closed yet, lost $3 billion in hours, dropping by over 10% overnight.Prior to today's price plunge, it was estimated at $30.3 billion in equivalent, according to Coinalyze data. In a few hours, Ethereum contracts open interest dropped to $27 billion in equivalent. Out of this drop, half a billion was caused by liquidations. In other cases, traders decided to close their positions to avoid extending losses. Out of an actual $27 billion in Open Interest, Ethereum perpetuals constitute $26.4 billion, while Ethereum futures with fixed expiration dates only account for $906.1 million. For Bitcoin , net Open Interest sits around $80 billion; Binance Futures are responsible for $15 billion here.The Ethereum community is still discussing possible ways to accelerate the adoption of the second-largest cryptocurrency globally. As covered by U.Today previously, Ethereum cofounder Vitalik Buterin indicated"low-risk DeFi" as a potentially attractive opportunity for a new cohort of users.According to him, low-risk and low-interest decentralized finance protocols might become for Ethereum the same catalyst that digital search became for Google. Barunson, Studio Behind Parasite, to Launch nPLUG IP Remixing Platform on Story and Bring Flagship IP Onchain $500 Million in ETH Positions Liquidated, Ether Futures OI Loses $3 Billion, Ethereum to Benefit from Low-Risk DeFi: Ethereum News Recap
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Kalshi Outpaces Polymarket in Prediction Market Volume Amid Surge in U.S. TradingKalshi’s weekly trading volume exceeded $500 million with an average open interest of around $189 million, surpassing Polymarket’s figures.
Read more »
Ethereum Based Meme Coin Pepeto Presale Past $6.7 Million as Exchange Demo LaunchesEthereum Based Meme Coin Pepeto Presale Past $6.7 Million as Exchange Demo Launches
Read more »
Ethereum Price Analysis: Bullish Sentiment Gradually Builds for ETHCrypto Blog
Read more »
Top 3 Price Prediction: Bitcoin, Ethereum, Ripple – BTC, ETH and XRP dips as bearish pressure lingersBitcoin (BTC), Ethereum (ETH), and Ripple (XRP) faced renewed selling pressure on Monday, following corrections of 0.3%, 3.5%, and 2%, respectively, in the previous week. Weakening momentum across these top three cryptocurrencies signals the risk of further downside.
Read more »
Altcoin Wipeout: ETH, XRP Selloff Triggers $600 Million in LiquidationsCrypto Blog
Read more »
Ethereum (ETH) Price Prediction for September 22Can traders expect Ethereum (ETH) to test $4,000 zone soon?
Read more »