Crypto Liquidations Reach $85.57 Million as Longs Lead Overall

Crypto liquidations totaled $85.57 million in the 24-hour snapshot dated Nov. 1, with long positions accounting for most closures even as shorts exceeded longs for Bitcoin (BTC) and Ether (ETH). Long liquidations amounted to $52.86 million, about 62% of the total, compared with $32.71 million in short liquidations. The difference was $20.15 million, leaving the marketwide tally tilted toward long closures. For Bitcoin, short liquidations reached $9.72 million, compared with $3.87 million for longs. Shorts represented about 71% of the $13.59 million in Bitcoin liquidations.

Source: TokenPost