Crypto Liquidations Hit $69 Million in an Hour, With 97% in Longs

Crypto liquidations across Binance, Bybit and OKX totaled $69 million in the hour through 4:10 p.m. ET (20:10 UTC) Oct. 18, with long positions accounting for nearly all of the total. The collection counted 15,648 liquidation events. Long positions accounted for $66.75 million, while shorts accounted for $2.26 million. That put the long share at about 97% of the reported $69 million total. Binance led the three exchanges with $44.48 million in liquidations. OKX followed at $15.13 million, and Bybit recorded $9.40 million. By asset, Ether (ETH) had the largest liquidation total at $18.90 million.

Source: TokenPost