On October 15, Ethereum's price fell by 5.41% to a two-month low of $2,332.43, influenced by ongoing short-selling activity from Wintermute. The broader crypto market saw $860 million in long liquidations, with approximately $270 million involving ETH positions as 17 of the top 20 assets declined. This volatility followed the release of U.S. inflation data for September, which reached 3.7%, slightly exceeding market expectations.
Ethereum fell 5.41% to a daily low of $2,332.43 as massive long liquidations triggered a broad sell-off across 17 of the top 20 digital assets.
Read the full storyEther experienced a sharp decline following higher-than-expected U.S. inflation data for September, triggering massive liquidations of long bets in the crypto market.
