Crypto · Market move
Ether Slips Below $2,000 as $258 Million in Bets Unwind
Hot US inflation set off forced selling, and Ethereum funds lost $145 million in a day.
Kunkafa News · Published · 2 min read
By Kareem FaridDiscuss with the author on X
Key points
- Ether fell to about $1,996 before recovering toward $2,050.
- About $258 million in positions were liquidated, mostly bets on a rise.
Ether briefly dipped below $2,000 as the hot inflation report rattled markets, Crypto Briefing reported.
Spot Ethereum funds lost $145 million on Wednesday and long positions made up nearly $192 million of the liquidations, crypto.news reported.
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