Ethereum Drops Below $2,120 as ETH Liquidations Top $256M and Total Hits $631M

Ethereum slipped under $2,120 as crypto markets saw a wave of forced closures that pushed total liquidations above $631 million. ETH accounted for more than $256 million in liquidations, while Bitcoin liquidations were about $187 million, as bond yields rose and broader macro conditions weighed on risk assets.