Crypto Liquidations Reach $115.9 Million as Shorts Take 66%
Photo: TokenPost
Crypto traders faced $115.9 million in forced liquidations across Binance, Bybit and OKX as short positions accounted for 66% of losses during the 24 hours ended Oct. 11 at 8:04 p.m. ET (Oct. 12 at 00:04 UTC). The total covered 33,466 orders. Short liquidations reached $76.9 million, while long liquidations totaled $39.1 million. A liquidation occurs when an exchange forcibly closes a leveraged position after losses leave insufficient funds to keep it open. Binance recorded the largest exchange total at $74.6 million. OKX followed with $28.1 million, and Bybit recorded $13.2 million.
Source: TokenPost
