{"id":41861,"date":"2021-05-04T14:27:38","date_gmt":"2021-05-04T11:27:38","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=41861"},"modified":"2025-08-30T20:40:52","modified_gmt":"2025-08-30T17:40:52","slug":"ethereum-short-liquidations-hit-new-highs-as-price-climbs-toward-3500","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/ethereum-short-liquidations-hit-new-highs-as-price-climbs-toward-3500\/","title":{"rendered":"Ethereum short liquidations hit new highs as price climbs toward $3,500"},"content":{"rendered":"<p>The aggregate volume of short liquidations across Ethereum derivatives reached a new record, spurred by the price rally of the second-largest cryptocurrency to a new all-time high above $3,500.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/search?q=%24ETH&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$ETH<\/a> short liquidations across all derivative exchanges hit an all-time high. <\/p>\n<p>Chart \ud83d\udc49 <a href=\"https:\/\/t.co\/ATxdobwWdO\">https:\/\/t.co\/ATxdobwWdO<\/a><\/p>\n<p>(Note: This liquidation data only includes ETH\/USDT, ETH\/USD perpetual futures contracts.) <a href=\"https:\/\/t.co\/Z4EoOtOaDo\">pic.twitter.com\/Z4EoOtOaDo<\/a><\/p>\n<p>\u2014 CryptoQuant.com (@cryptoquant_com) <a href=\"https:\/\/twitter.com\/cryptoquant_com\/status\/1389447986967552000?ref_src=twsrc%5Etfw\">May 4, 2021<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>According to CoinGecko, in the last 24 hours Ethereum&#8217;s price rose 12.7%, and its market capitalization reached $405 billion. Over the past seven days the asset has gained 39%.<\/p>\n<p>According to Bybt, the daily volume of liquidations on Ethereum-based financial instruments totaled $585.8 million. The largest was on Huobi Exchange, where a position worth $74.5 million was closed. By comparison, Bitcoin&#8217;s total for the same period stood at $457.8 million.<\/p>\n<p>According to CryptoQuant&#8217;s Ki Young Ju, the amount of Ethereum transactions entering exchanges is still far from the peak levels seen in 2018.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>\u201cFewer deposits, more withdrawals across all exchanges. Selling pressure is significantly lower than at the peak of the previous bull market. I don&#8217;t know how much it will pull back, but it is clear that selling is much weaker than in 2018,\u201d<\/em> the researcher said.<\/p>\n<\/blockquote>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Update: <a href=\"https:\/\/twitter.com\/search?q=%24ETH&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$ETH<\/a> exchange inflow transaction count is increasing, but it\u2019s way less than the previous all-time high in 2018.<\/p>\n<p>Not sure how much pullback it\u2019ll get, but what\u2019s clear is that the selling pressure is way less than 2018.<\/p>\n<p>Chart \ud83d\udc49 <a href=\"https:\/\/t.co\/CKsNQVp89j\">https:\/\/t.co\/CKsNQVp89j<\/a> <a href=\"https:\/\/t.co\/jiDhZ1qnJo\">https:\/\/t.co\/jiDhZ1qnJo<\/a> <a href=\"https:\/\/t.co\/zHMx8L0sYW\">pic.twitter.com\/zHMx8L0sYW<\/a><\/p>\n<p>\u2014 Ki Young Ju \uc8fc\uae30\uc601 (@ki_young_ju) <a href=\"https:\/\/twitter.com\/ki_young_ju\/status\/1389425354373095426?ref_src=twsrc%5Etfw\">May 4, 2021<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>On the Deribit derivatives exchange, Ethereum options trading volume for the first time surpassed Bitcoin\u2019s \u2014 $1.32 billion versus $879.5 million.<\/p>\n<p>As a result, by April this ratio stood 4.1 times higher for Ethereum \u2014 $33 billion versus $8 billion for Bitcoin.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"762\" height=\"461\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/Deribit-1.png\" alt=\"\u041e\u0431\u044a\u0435\u043c \u043b\u0438\u043a\u0432\u0438\u0434\u0430\u0446\u0438\u0439 \u0448\u043e\u0440\u0442\u043e\u0432 \u043d\u0430 Ethereum \u043e\u0431\u043d\u043e\u0432\u0438\u043b \u043c\u0430\u043a\u0441\u0438\u043c\u0443\u043c\u044b \u043d\u0430 \u0444\u043e\u043d\u0435 \u0440\u043e\u0441\u0442\u0430 \u043a\u0443\u0440\u0441\u0430 \u043a $3500\" class=\"wp-image-133750\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/Deribit-1.png 762w, https:\/\/u1f987.com\/wp-content\/uploads\/Deribit-1-300x181.png 300w\" sizes=\"auto, (max-width: 762px) 100vw, 762px\" \/><figcaption>Data: Skew, <a href=\"https:\/\/www.theblockcrypto.com\/linked\/103681\/eth-options-trading-volume-surpassed-btc-bitcoin-first-time-deribit\" target=\"_blank\" rel=\"noreferrer noopener\">The Block<\/a>.<br \/><\/figcaption><\/figure>\n<p>Ethereum rise above $3,000 has pushed its co-founder Vitalik Buterin <a href=\"https:\/\/u1f987.com\/en\/news\/ethereum-tops-3000-pushing-vitalik-buterin-to-billionaire-status\">into billionaire status<\/a>.<\/p>\n<p>Follow ForkLog news on <a href=\"https:\/\/twitter.com\/ForkLog\" target=\"_blank\" rel=\"nofollow noopener\">Twitter<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The aggregate volume of short liquidations across Ethereum derivatives reached a new record, spurred by the price rally of the second-largest cryptocurrency to a new all-time high above $3,450.<\/p>\n","protected":false},"author":1,"featured_media":41862,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1168,46,1145],"class_list":["post-41861","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-crypto-derivatives","tag-ethereum","tag-market-analysis"],"aioseo_notices":[],"amp_enabled":true,"views":"21","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/41861","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=41861"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/41861\/revisions"}],"predecessor-version":[{"id":41863,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/41861\/revisions\/41863"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/41862"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=41861"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=41861"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=41861"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}