ETH falls below $2,500 amid global market pullback; $759M in liquidations triggered across crypto markets in 24 hours.
Macro & Markets ·
Ethereum dropped below $2,500, trading at $2,467.88 with a 24-hour decline of 3.64%, as part of a broader market pullback affecting major cryptocurrencies. Bitcoin fell 2.14% to $81,333.5, while Solana slipped below $110 at $108.9, down 6.46% over the same period. The downturn coincided with significant liquidation activity across derivatives markets.
According to CoinGlass data, global liquidations reached $759 million in the past 24 hours, with 138,889 traders liquidated. Long positions drove the majority of the losses, accounting for $692 million of the total liquidations, indicating that traders betting on price increases bore the brunt of the selloff.
The cascade of liquidations underscores heightened volatility in crypto derivatives markets, though the underlying drivers of the broader market retreat—whether macroeconomic pressure, on-chain events, or sentiment shifts—remain unspecified in available reports.