Binance ETH Long Liquidations Top $106 Million in One Hour

Over $106 million in Ethereum (ETH) long positions were liquidated on Binance within one hour following hotter-than-expected U.S. inflation data, marking the largest hourly liquidation of ETH longs on the exchange in nearly six months, according to CryptoQuant analyst Darkfost. He noted that crypto futures trading volume is now roughly nine times spot volume.