$400 million in liquidations as Ethereum (ETH) slumps to 2-month lows

The total value of liquidated positions on a 24-hour scale is on the rise again, touching $400 million.

This comes as the entire crypto market has turned red, with ETH leading the way following a violent 10% daily drop. Over 120,000 traders have seen their positions wrecked, and the single-largest liquidations taking place on BitMEX – worth $10 million.