CryptoMedium•7 November 2026•
1 min read
Ethereum Drops 6% as Glamsterdam Upgrade Delay Triggers $210M in Liquidations
Key Facts
1Ether price fell 6% to approximately $2,220 amid a broad market sell-off.
2The Glamsterdam upgrade activation was delayed after auditors identified eight gas-accounting compatibility risks.
3The crypto market saw over $210 million in liquidations during the recent price decline.
Ether price fell 6% to approximately $2,220 amid a broad market sell-off that KuCoin reported triggered over $210 million in liquidations. The price decline followed the delayed activation of the Glamsterdam upgrade after auditors identified eight gas-accounting compatibility risks, according to KuCoin.
The Ethereum Foundation decided on November 6, 2026, to postpone the Hoodi activation to address these security concerns alongside auditing firms. This downturn occurred amid broader market weakness, with derivatives open interest declining to $11.4 billion, while US spot Ethereum ETFs recorded nearly $100 million in net withdrawals on November 5, 2026.