Crypto market records $684 million in liquidations as Ether gains 7.46%

  • CoinGlass recorded $684 million in crypto liquidations over 24 hours as Ether rose 7.46%.
  • Ethereum ETF products received $216.41 million in net inflows on September 11.
  • BlackRock's Ethereum Trust attracted $148 million, the largest share of Ethereum ETF inflows.

Crypto-market contract liquidations reached $684 million over 24 hours on Sept. 11, according to CoinGlass data cited by PANews, as Ether rose 7.46% to $2,619 and briefly reached $2,667 after climbing from roughly $2,433. Short positions accounted for roughly $422 million of the total, while Ether-related liquidations reached about $262 million. Transactions worth more than $1 million increased by nearly 14% as the rally unfolded, and separate reporting put Ether short liquidations at roughly $250 million to more than $255 million over 24 hours. Ethereum ETF products recorded $216.41 million in net inflows on Sept. 11, their strongest daily intake since Aug. 27, led by $148 million for BlackRock's Ethereum Trust. The advance followed August U.S. CPI data showing headline inflation of 3.4% year over year and core inflation of 2.4%, while separate data showed consumer prices rising 0.4% month over month and core CPI increasing 0.3%. Ether later retreated to around $2,510 after failing to sustain a move above $2,700, with the $2,700-$2,800 range remaining a key supply area and $2,500 a near-term level to watch.

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