The historic Ethereum Merge event caused Ethereum liquidation to go over $127 million, as per data from Coinglass. Over $103 million, or more than 80% of these liquidations, came from bullish cryptocurrency traders who held long positions.
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Meanwhile, Ethereum Merge didn’t budge Ether price as expected and the value fluctuations caused these liquidations. Ethereum lost more than 20% of its value over the last week, falling from $1,740.88 on Wednesday to as low as $1,477.56 at the time of writing.
