Ether sees disproportionate $356M in liquidations amid crypto market downturn

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Over a 24-hour period, Ethereum positions worth $356 million were liquidated. This amount was six times higher than Bitcoin's liquidation rate relative to its market size. The heavy losses occurred despite Ether's market value being less than one-fifth that of Bitcoin. The broader crypto market experienced over $1 billion in liquidations during this downturn.

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