Summary
- It was reported that due to the U.S.-initiated tariff war, the liquidation volume of Ethereum reached $610 million in 24 hours.
- This is a larger amount than other cryptocurrencies, with the total liquidation amount reaching approximately $2.24 billion.
- Investors are advised to be more cautious in risk management than during the 2022 FTX bankruptcy.
Due to the fallout from the U.S.-initiated tariff war, it has been revealed that Ethereum (ETH) positions worth $610 million (approximately 900 billion KRW) were liquidated over the past 24 hours.
Cointelegraph reported this on the 3rd, citing data from the cryptocurrency data analysis platform Coinglass. Specifically, Ethereum positions forcibly liquidated in the past 24 hours amounted to approximately $609 million, the highest among cryptocurrencies.
The total liquidation amount was estimated at around $2.24 billion (approximately 3.3 trillion KRW). This is a larger scale than during the 2022 bankruptcy of the cryptocurrency exchange FTX.
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul
