Ether contracts took about $286 million of the $483 million in bitcoin and ether futures positions closed over the 24 hours to Thursday, with bitcoin’s $197 million behind it, CoinGlass data checked during Asian morning hours showed. The closures came as a hotter September US inflation print reset expectations for the Federal Reserve’s next move and dragged crypto, Asian equities and crypto-linked stocks lower together.

Ether fell about 6.4% to $2,356, roughly twice bitcoin’s 3.2% decline to around $81,000. XRP and Solana’s SOL lost around 5% each, and dogecoin dropped roughly 6%.

Ether Carried the Largest Share of Forced Closures

Ether’s $286 million was the bigger of the two single-asset totals, and it landed on the smaller book….