Crypto Liquidations Hit $45.62 Million in One Hour as Longs Dominate

Crypto traders saw $45.62 million in liquidations during the one-hour period ending at 12:50 p.m. ET Oct. 22 (16:50 UTC), with long positions accounting for $44.52 million, or about 98% of the total. Short positions made up the remaining $1.10 million. The tally covered 6,200 liquidation events, recording both dollar value and event count for the period. Binance logged $31.58 million in liquidations, more than the combined $14.04 million on OKX and Bybit. OKX accounted for $8.89 million, while Bybit recorded $5.15 million.

Source: TokenPost