Ethereum (ETH), the second largest cryptocurrency extended its positive run on Monday while other major digital assets like Bitcoin (BTC), Solana (SOL), and XRP declined. However, the Ethereum price is up by 72% on the year to date (YTD) basis.
Ethereum records most liquidation
As per the data, Ethereum price jumped marginally to hold the crucial $2k level. ETH price soared by 33% in the last 30 days. It is trading at an average price of $2,058, at the press time. The second largest crypto’s 24 hour trading volume is up by 7% to stand at $9.53 billion.
Coinglass data shows that more than 59K traders were liquidated in the last 24 hours. The total liquidations come in at $100.65 million The largest single liquidation order of ETHUSDT valued at $900.65K was recorded on Binance.
Traders betting on the Ethereum price actions got liquidated the most. ETH saw $13.90 million in the last 24 hours, while Bitcoin registered $10.80 million in liquidation.
Data depicts that 58% (approx worth $8.07 million) of the ETH’s $13.90 million liquidation were long positions. This implies that the sentiments among the traders were positive as they were betting on the ETH price surge.
As reported earlier, BlackRock, an asset management giant moved ahead to register for an Ethereum trust. It marks a massive move ahead of seeking regulatory approval for an exchange-traded fund (ETF) linked to Ethereum. However, Filed as the iShares Ethereum Trust, the registration happened in Delaware last week.
Solana looks for recovery
On the other hand, Solana price saw a decline of over 3% in the last 24 hours. However, SOL price has jumped a whopping 162% over the last 30 days, making it one of the biggest gainers. Solana is trading at an average price of $57.7, at the press time.
