$136.72 Million in Ether Positions Liquidated in Four Hours on Oct. 24
Key Facts
Ether position liquidations totaled $136.72 million during the four-hour window covered by The Block’s report on Oct. 24, 2026, with long positions accounting for 92.7%. The figure was part of a broader wave of crypto liquidations, as the report said the market-wide total over 24 hours reached $815.26 million. That tally was 218% higher than the previous day, according to data cited by the report. At the time of publication, Ether was trading at $2,314, down 3.8% over 24 hours. These figures provide a dated reading for a specific window and differ from those in the earlier draft.
Liquidations coincided with a contraction in the derivatives market, as open interest in crypto futures fell 2.2% to $140.10 billion over the same period. This figure measures contracts that remained open, not the value of Ether positions liquidated alone. The 92.7% share indicates that most Ether liquidations in the four-hour window involved long positions, according to The Block. That means a large share of the affected positions had been betting on higher prices. Exchanges close leveraged positions when margin is no longer sufficient, but liquidation data alone do not identify the reason for each individual closure.
Spot Ether exchange-traded funds recorded net inflows of $4.35 million on Friday, Oct. 23, according to The Block. But the report said those inflows did not make up for earlier outflows during the week. That puts the fund flows in a weaker context than a single-day reading suggests, alongside Ether’s price decline and rising position liquidations. The report does not give the amount of the earlier outflows, so the weekly net movement cannot be determined from the daily figure alone. Fund-flow data remain separate from derivatives data, despite occurring during the period covered by the report.
Pressure on digital assets came against a broader backdrop of weaker risk appetite. On Oct. 23, Bitcoin fell 0.7% to $81,909 at 02:50 Eastern time, according to Investing.com, which linked the pressure to weakness in technology stocks, interest-rate concerns and rising oil prices. The report said Bitcoin remained within a trading range of $80,000 to $87,000 that had held during the previous month. At Friday’s close, the S&P 500 fell 0.5%, while Brent crude rose 3.1% to $116.72 a barrel, its highest level since June 2022, according to the Associated Press. These moves show crypto-market pressure coinciding with volatility in equities and energy markets, without by themselves establishing a direct causal link to Ether liquidations.
On the network development front, the Ethereum Foundation postponed the Glamsterdam upgrade on the Hoodi testnet, which had been scheduled to activate on Oct. 26, 2026, at 17:42:48 UTC. The foundation did not set a new date and said the delay would allow further investigation into EIP-8037’s interactions with smart contracts on the mainnet. It added that core developers made the decision during meeting ACDE #248. A new activation date will be announced later, according to the foundation. The technical update comes amid broader monitoring of Ether, while the foundation’s statement does not link it to price movements or the market’s recorded position liquidations.