Crypto Liquidations Hit $31.44 Million in One Hour, 93% From Longs

Crypto liquidations totaled $31.44 million across Binance, Bybit and OKX in the hour ending at 4:30 p.m. ET (21:30 UTC) Nov. 5, with long positions making up 93% of the amount. The count included $29.28 million in long liquidations and $2.16 million in short liquidations, across 4,948 events. Binance made up $24.8 million of the total, followed by Bybit at $3.43 million and OKX at $3.21 million. Ether (ETH) led the asset breakdown at $8.24 million, followed by Bitcoin (BTC) at $2.73 million and SOXL at $2.69 million. Short liquidations made up the remaining 7% of the reported total.

Source: TokenPost