✉news BusinessCrypto first seen 16 h ago, last 6 h ago, peak #11
Ether leveraged bets hit six times harder than bitcoin in $1 billion crypto flush
Original: Ether bets were wiped out at six times bitcoin’s rate in crypto’s $1 billion flush
Roughly $1 billion in leveraged crypto positions were liquidated in a market-wide sell-off, and ether traders took the worst of it. According to CoinDesk, ether bets were wiped out at six times the rate of bitcoin's, reflecting ether's larger price drop and its heavier use of leverage. The flush underscores how quickly bullish positioning can unwind when crypto prices fall sharply.
Why now: A sharp crypto sell-off triggered around $1 billion in liquidations, with ether disproportionately hit, prompting debate about leverage and volatility.
Rank over time, top of the chart is #1. 8 snapshots from 16 h ago to 6 h ago.
Evidence
API: https://socialmediatrends-api.osmike.com/v1/trends/1570393