About $394M of Positions Gets Liquidated Due to ETH Rise Above $1,400
After Ethereum developers announced this July 14 that their long-awaited switch to proof-of-stake will most likely occur in September. The price of ETH rose above $1,400, and other cryptocurrencies followed this trend. This announcement slightly changed the sentiment, bringing more positivity to the market. Significant liquidations followed the growth of the crypto market. About $235M worth of ETH and $76M worth of BTC were liquidated.
The largest liquidations happened on the following derivatives exchanges: