# Ether falls below $2,500 as liquidations hit $1.16 billion Author: Abdullah Özkurt Language: English Published: 2026-10-08T23:43:48+03:00 Updated: 2026-10-26T01:48:57+03:00 ![Conceptual image of an Ethereum emblem at the foot of descending dark metal steps](https://kriptometa.com/uploads/ether-dolarin-altinda-tasfiyeler-milyar-dolar-14764cd6e5a5_article.webp) ## Key takeaways - At 20:17 UTC, Ether traded at $2,470.83, down 4.06% over 24 hours. - About $294 million of ETH liquidations came from longs, compared with $33.5 million from shorts. - CoinGlass uses a rolling 24-hour window, not the October 8 calendar day alone. Forced closures in leveraged markets were concentrated in bets on rising prices. The largest single order was an ETH position worth almost $20 million. Ether, the cryptocurrency of the [Ethereum](https://kriptometa.com/en/news/ethereum) network, fell below $2,500 on October 8 as forced closures across leveraged markets exceeded $1 billion. [CoinGlass’s liquidation dashboard](https://www.coinglass.com/LiquidationData) showed about $1.16 billion in positions liquidated over the previous 24 hours at 20:17 UTC. Long positions, which benefit from rising prices, accounted for $1.05 billion. In the same snapshot, [Ether](https://kriptometa.com/en/markets/ethereum) traded at $2,470.83, down 4.06% over 24 hours. [Bitcoin](https://kriptometa.com/en/markets/bitcoin) was at $81,827.40, a decline of 2.06%, while [Solana](https://kriptometa.com/en/markets/solana) fell 5.81% to $109.54. Solana had the steepest percentage decline of the three, but Ether’s liquidation total exceeded Bitcoin’s. ## Ether liquidations reach $327 million For ETH, the dashboard listed $293.84 million in long liquidations and $33.49 million in short liquidations, involving bets on falling prices. Together, they amounted to about $327.33 million. The corresponding totals were $301.13 million for BTC and $67.88 million for SOL. The largest single liquidation order reported by CoinGlass was worth about $19.98 million on Hyperliquid’s ETH-USD contract. Across the market, the platform counted roughly 191,700 traders liquidated. Total short liquidations across the markets it tracks stood at $108.03 million. ## The total rose from an earlier $759 million In [an October 8 post](https://x.com/WuBlockchain/status/2108223527904239890), Wu Blockchain had reported an earlier ETH price of $2,467.88 and a marketwide liquidation total of $759 million. Long positions made up $692 million of that earlier CoinGlass snapshot. The account attributed its price figures to Binance market data. Wu Blockchain’s earlier intraday snapshot. The $759 million figure below predates the evening dashboard check. [Open the X post](https://x.com/WuBlockchain/status/2108223527904239890) The evening total of $1.16 billion was above the $759 million reported earlier. Subtracting the two rolling totals would not, however, give an exact measure of new liquidations between the checks: older orders also leave the 24-hour window as time passes. **The $1.16 billion total is not ETH alone.** It covers positions across the markets tracked by CoinGlass. The roughly $327 million in Ether liquidations is included in that total and should not be added to it. ## Liquidations measure positions, not cash losses [Liquidation](https://kriptometa.com/en/glossary/liquidation) is the forced closure of a leveraged position when its collateral no longer meets the required maintenance level. The dollar amounts in the dashboard measure the value of positions closed, rather than the cash a trader deposited or money leaving spot markets. The [liquidation price calculator](https://kriptometa.com/en/tools/leverage-liquidation-calculator) can compare estimated closing thresholds for isolated positions at different entry prices and leverage levels. It uses a simplified model that excludes fees and funding, so it cannot replace the liquidation price shown by an exchange. [CoinGlass](https://kriptometa.com/en/glossary/coinglass) says it aggregates information from exchanges’ public channels and official APIs. Its source notes state that reporting-frequency limits at Binance and OKX can lead to second-level aggregation or delays during heavy market activity. The figures update as new reports arrive and describe the 24-hour total at the time of the check.