{"id":52254,"date":"2025-10-10T19:01:43","date_gmt":"2025-10-10T19:01:43","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=52254"},"modified":"2025-10-10T19:01:43","modified_gmt":"2025-10-10T19:01:43","slug":"ethers-7-plunge-leads-crypto-liquidations-in-600m-carnage","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=52254","title":{"rendered":"Ether’s 7% Plunge Leads Crypto Liquidations in $600M Carnage"},"content":{"rendered":"
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Friday brought carnage onto crypto markets as U.S.-China trade tensions ratcheted up with Trump threatening a massive increase in tariffs against Chinese goods.<\/p>\n

Worst-hit among the crypto benchmark CoinDesk 20 Index<\/a> constituents was Ethereum’s native token ether (ETH), nosediving 7% from Friday’s session high and hitting its weakest price since late September below $4,100. Its decline far outpaced bitcoin’s (BTC) 3.5% drop below $118,000 and the index’s 5% plunge.<\/p>\n

The broad-market downturn spurred a liquidation cascade across crypto derivatives markets, wiping out over $600 million of leveraged trading positions among all assets, CoinGlass data<\/a> shows.<\/p>\n

ETH also led in liquidations with over $235 million long positions wiped out through the session. Longs are leveraged bets seeking to profit from the asset’s price rise.<\/p>\n

\"Crypto<\/p>\n

Technical breakdown<\/h4>\n

Behind the liquidation cascade was ETH’s breakdown of critical support levels, CoinDesk Research’s technical analysis model suggested.<\/p>\n

\u2022 Selling pressure materialized at around 14:00 UTC with a volume of 372,211 units, almost double than the 24-hour average of 190,747 units.<\/p>\n

\u2022 Volume-based resistance confirmed around $4,287.<\/p>\n

\u2022 Primary resistance identified at $4,141 during failed recovery attempt.<\/p>\n

\u2022 Potential support forming just below $4,100 where buyers emerged.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Friday brought carnage onto crypto markets as U.S.-China trade tensions ratcheted up with Trump threatening a massive increase in tariffs against Chinese goods. Worst-hit among the crypto benchmark CoinDesk 20 Index constituents was Ethereum’s native token ether (ETH), nosediving 7% from Friday’s session high and hitting its weakest price since late September below $4,100. Its […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-52254","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/52254","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=52254"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/52254\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=52254"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=52254"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=52254"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}