Ether bets were wiped out at six times bitcoin’s rate in crypto’s $1 billion flush

Written and edited by the WorldPing NewsdeskPublished Updated Original reporting: CoinDesk
Ether bets were wiped out at six times bitcoin’s rate in crypto’s $1 billion flushWorldPing
Image via CoinDesk.

What happened

About $356 million in ETH positions were liquidated over 24 hours, more than bitcoin despite ether’s market value being less than a fifth as large.

Key facts

  • About $356 million in ETH positions were liquidated over 24 hours, more than bitcoin despite ether’s market value being less than a fifth as large.
  • Reported by CoinDesk and published Fri, 09 Oct 2026 04:04:36 UTC.

Why it matters

Digital-asset markets react to catalysts within minutes, and liquidity, ETF flows and regulatory signals are usually what decide whether a move sticks.

What to watch next

  • Whether spot volume and open interest confirm the move
  • Liquidation clusters around the current price
  • ETF flow data and any regulatory follow-up

Coverage timeline

When each newsroom published on this story, oldest first — all times UTC.

  1. Bitcoin crashes through $81,000 buy wall as $1 billion crypto liquidation bloodbath unfolds

  2. Top Democrat among Senate investigators probes ties between Cantor Fitzgerald, Tether

  3. AI Startup Manus Raises $500 Million After China Nixed Meta’s $2 Billion Acquisition

  4. Cantor Fitzgerald faces Senate Democrat’s questions over Tether ties

  5. XRPL’s $1.34 billion stablecoin base doesn’t tell us how much XRP users need

  6. Thailand finalizes rules paving way for Bitcoin, Ether ETFs

  7. Ether bets were wiped out at six times bitcoin’s rate in crypto’s $1 billion flush

Sources

The original report was published by CoinDesk. WorldPing does not claim that reporting — this page summarises and contextualises it.

Read the full report at CoinDesk

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