Quick Read

• Ethereum led nearly $1 billion in crypto liquidations with $283 million in forced closures, as ETH crashed to $2,325, a price nearly 50% below its August 2025 peak.

• ETH traders never reduced leverage before the drop. Coin-based open interest held steady at 6.23 million ETH even as prices fell 11%.

• Spot Ether ETFs posted outflows on nearly every October session, leaving no fresh buying demand to absorb the wave of forced selling.

• Finally! You can open a SoFi Crypto account and access 25 plus cryptocurrencies without juggling apps or logins.

Ethereum (CRYPTO: ETH) has emerged as the leader in crypto liquidations, with liquidations totaling about $283 million as traders…