From Investing.com
May 12, 2025 2:30:00 pm:

Ethereum (ETH) has surpassed Bitcoin (BTC) in a key liquidation metric, with $3.58 billion in total liquidations compared to Bitcoin’s $1.84 billion. This marks a significant shift in the cryptocurrency market as Ethereum continues to gain momentum.

The surge in liquidations for Ethereum comes as the cryptocurrency market experiences increased volatility, with many traders being forced to close their positions due to margin calls. This has led to a higher volume of liquidations for Ethereum compared to Bitcoin.

The flippening of Ethereum surpassing Bitcoin in this key metric is seen as a reflection of the growing popularity and adoption of Ethereum in the cryptocurrency market. Ethereum’s decentralized finance (DeFi) ecosystem and upcoming upgrades like Ethereum 2.0 have contributed to its increasing dominance in the market.

Despite this milestone, Bitcoin remains the dominant cryptocurrency in terms of market capitalization and overall adoption. However, Ethereum’s recent performance in the liquidation metric highlights its growing influence and relevance in the cryptocurrency space.

Read more at Investing.com: Ethereum (ETH) Flips Bitcoin (BTC) in Key Liquidation Metric