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Ethereum price drops 2.9% in one hour, wiping out $73 amid heavy liquidations

Market News
08 Oct 2026
Tokenpost
View Source
Bearish
Ethereum price drops 2.9% in one hour, wiping out $73 amid heavy liquidations

Ethereum's price fell sharply by 2.9% within an hour on October 8, dropping from $2,508 to $2,435 on Binance's spot market. This decline extended its 24-hour loss to 5.45%, erasing $73 from its value. During the same period, long liquidations reached $109.24 million across major exchanges Binance, Bybit, and OKX, indicating forced closures of leveraged positions. Despite the drop, Ethereum remains the second-largest cryptocurrency by market capitalization, valued at around $296.28 billion.

Ethereum trades at Rp43,437,093 on Pluang, down 5.46% as of Oct 08, 2026 23:31 WIB, closely matching the reported 24-hour decline. The platform shows a market capitalization of Rp5.352,82 trillion and a 24-hour trading volume of Rp295,33 trillion. This data highlights sustained investor activity despite the recent sharp price drop noted in the article.

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