Ethereum Shorts Get Obliterated—$42M Liquidated as ETH Rallies
Bearish traders got steamrolled as Ethereum’s price surge triggered $42.33 million in short liquidations—another reminder that betting against crypto is like fighting gravity (or maybe just the whales).
Total liquidations across the crypto derivatives market on April 22, 2025 (Source: CoinGlass)
Ethereum’s rise contrasts sharply with these losses, which is why its shorts were decimated in the past 12 hours. ETH climbed from $1,579.52 on April 21 to $1,629.86 on April 22, up roughly 3.2 percent.
The rally triggered margin calls on short bets, driving the bulk of those $42.33 million in ETH liquidations. Bitcoin also increased 1.1 percent to $88,324.30 but saw $29.96 million of its longs and $57.65 million of shorts liquidated over 24 hours, showing how both sides of the market have been vulnerable.
Liquidation data from CoinGlass shows that high leverage can backfire during price swings, no matter how minor they might feel. This is particularly evident with Ethereum, where short squeezes and stop‑hunts have dominated recent liquidations.
