CryptoMedium•5 November 2026•
1 min read
Ether Drops 6.8% as Long Liquidations Hit $42 Million
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 6.82% within a four-hour window to reach $2,249 on the Binance spot market. TokenPost reported that the decline triggered $42.03 million in long liquidations in a single hour across the Binance, Bybit, and OKX exchanges.
The cryptocurrency experienced sustained downward momentum, falling nearly 8% over a 24-hour period. This price action on November 5, 2026, was accompanied by $6.75 million in short liquidations, highlighting significant volatility in the digital asset derivatives market.