$97.7 Million in ETH Liquidated as Long Positions Are Cleared Out
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Massive Liquidations in ETH: In a rapid market downturn, $97.7 million in Ethereum (ETH) positions were liquidated within an hour, with $95.42 million stemming from long positions, highlighting the risks faced by leveraged traders.
Impact of Market Volatility: The event underscores the dangers of using leverage in crypto trading, as mass liquidations can exacerbate price drops and create a cycle of fear and volatility, urging traders to practice caution and effective risk management.
About the author

Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.








