CryptoMediumUpdated×2•Originally published 5 November 2026•Updated 6 November 2026•
1 min read
Ether Liquidations Surge to $213M as Price Drops to $2,223
Key Facts
1Ether price dropped 6.82% in four hours to reach $2,249 on Binance spot market.
2Long liquidations totaled $42.03 million in a single hour across Binance, Bybit, and OKX.
Ether price dropped to $2,223 driven by a broad selloff in US technology stocks and a regulatory crackdown by the Office of Foreign Assets Control (OFAC). The decline triggered total futures liquidations reaching $213.3 million over a 24-hour period.
The cryptocurrency faced intense selling pressure, falling 8% on November 5, 2026. TokenPost reported that the downward move included $42.03 million in long liquidations within a single hour across the Binance, Bybit, and OKX exchanges.