![Ether-Drops-to-38K-As-Over-125M-Futures-Liquidated.png Ether Drops to $3.8K As Over $12.5M Futures Liquidated](https://cryptotoptrends.com/wp-content/uploads/2021/12/Ether-Drops-to-38K-As-Over-125M-Futures-Liquidated-678x381.png)
Coinglass analytics showed $11.89 million worth of liquidations originated from ‘long’ traders, or those borrowing from exchanges to bet on higher ether prices. 92% of all traders were long ether Monday morning, and 50% of the liquidations took place on crypto exchange OKEx, which accounted for over $4.93 million in liquidations.
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