Crypto Liquidations Reach $46.1 Million as Longs Take 79%

Crypto exchanges recorded $46.1 million in forced liquidations in the 24 hours ending 7:01 p.m. ET Nov. 7 (00:01 UTC Nov. 8), with long positions accounting for nearly four-fifths of the total. Long liquidations totaled $36.4 million, or 79% of the overall amount, while short liquidations reached $9.7 million. The window included 24,898 orders. Binance led with $34.5 million, followed by OKX at $6.5 million and Bybit at $5.1 million. The tally was below the $148.9 million in a previous 24-hour liquidation tally , when longs accounted for 64% of losses.

Source: TokenPost