Ether Gains 1.21% as Derivatives Short Liquidations Reach $14.82 Million

Ether climbed 1.21% to reach $2,349 following a rapid surge of short liquidations totaling $14.82 million within an hour on October 27. Across major cryptocurrency exchanges Binance, Bybit, and OKX, total liquidations reached $14.83 million during the 60-minute window ending at 11:22 a.m. ET, with long liquidations accounting for just $10,000. Upward momentum accelerated when Ether rose from an opening price of $2,321, fueled by forced buying that included a single $9.39 million short position liquidated on Binance at $2,348 at 11:21 a.m. ET.