Ether bets were wiped out at six times bitcoin’s rate in crypto’s $1 billion flush

Crypto Insight Summary: About $356 million in ETH positions were liquidated over 24 hours, more than bitcoin despite ether’s market value being less than a fifth as large. Crypto Insight Analysis: Direction: Bearish ETH Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: Large ETH liquidations signal short-term bearish pressure but unlikely to affect broader market.