Ether Slide Puts $1.35 Billion in Leveraged Longs at Risk After Sharp Sell-off

Key Facts

1Ether price fell nearly 6% toward the $2,500 level.

2Over $221 million in long positions were liquidated within a 24-hour period.

Ether price fell nearly 6% toward the $2,500 level on October 7, 2026. TokenPost reported that the decline triggered the liquidation of over $221 million in long positions within a 24-hour period, putting a total of $1.35 billion in leveraged long exposure at risk of being closed out.

Liquidation clusters worth approximately $112.83 million are concentrated near the $2,511 mark, according to TokenPost. The largest single liquidation event occurred on Binance with a $26.64 million ETHUSDC position, while short exposure totaling roughly $999.78 million remains vulnerable at higher price levels.