Ether Drops to $3.8K As Over $12.5M Futures Liquidated

Ether Drops to .8K As Over .5M Futures Liquidated
Ether saw a volatile session in early Asian hours on Monday even as the broader market slightly declined, data from analytics tool Coinglass showed.Prices fell nearly $100 to $3,840, a 3% drop in 24 hours, following a muted weekend and a slight slide in top cryptocurrencies on Monday.However, the relatively small price movements saw traders take on a big hit. $12.69 million worth of ether futures were liquidated on Monday morning alone, nearly double the $6 million figure of bitcoin liquidations.Coinglass analytics showed $11.89 million worth of liquidations originated from ‘long’ traders, or those borrowing from exchanges to bet on…