Ether longs take the brunt of crypto’s $1 billion liquidation flush

Ether longs take the brunt of crypto’s $1 billion liquidation flush

Ether bets were wiped out at six times Bitcoin's rate as leveraged longs ran into Fed commentary and broken support levels

By Vivian Nguyen

Oct. 9, 2026

Crypto’s leveraged traders had a rough October 8. More than $1 billion in positions were forcibly closed across the market within 24 hours. Ether took the worst of it. CoinDesk reported that ether bets were wiped out at six times Bitcoin’s rate during the flush, and