ether ETH/USD Traders witnessed high-quality liquidations in a short space of time on Monday.

What happened: According to data from CoinGlassThere were $20.23 worth of ETH liquidations over a four-hour trading window as the asset’s price fell 7% to $1,573.

More than $17.7 million longs were liquidated while only $2.28 million shorts were liquidated in the four hours.

Bitcoin BTC/USD saw $5 million worth of liquidations during the same period and Ethereum classic ETC/USD saw $3 million liquidated.

Over the past 24 hours, more than 84,000 crypto traders have been liquidated for a total of $196 million.

The largest single liquidation order took place on crypto exchange ByBit for a $1.17 million BTC/USDT trading pair.

Price promotion: At press time, ETH is trading at $1,584, down 6.13% over the past 24 hours, according to data from Gasoline Pro. BTC traded at $22,869, down 2%, and ETC traded at $33.45, down 9.3% over the same period.