Crypto Liquidations Reach $572.6 Million, With Longs Taking 82%

Binance, OKX and Bybit saw $572.6 million in forced position closures in the 24 hours through 8 p.m. ET Friday, Oct. 30, with long positions accounting for most of the losses. Long liquidations totaled $467.2 million, or 82% of the total, while short liquidations reached $105.4 million. The period covered 85,164 liquidation orders. Bitcoin (BTC) led the asset breakdown at $206 million, including $160.5 million in long liquidations and $45.6 million in short liquidations. Ether (ETH) followed with $110.9 million, split between $88.6 million in longs and $22.3 million in shorts.

Source: TokenPost