The Ethereum price saw a notable price plunge on Monday when the Ethereum Foundation reportedly started selling coins. This plunge, in turn, triggered a series of liquidation events that have seen ETH traders suffer massive losses in the last day.

Ethereum Liquidation Volumes Cross $30 Million.

By Tuesday, October 10, the Ethereum liquidation numbers triggered by the price crash ramped up quickly to cross the $32 million market. As expected, long traders suffered the majority of the losses with Coinglass data pointing to 87.61% of all ETH liquidation volumes coming from long traders.

This meant that of the over $32 million in liquidation volumes recorded for the asset in the past day, $29.56 million were from long positions. This meant that only $2.91 million in short positions were …