Liquidations Across Binance, Bybit and OKX Reach $198.2 Million, With Longs at 77%

Crypto derivatives markets logged $198.2 million in forced liquidations in the 24 hours through 8 p.m. ET Saturday, Oct. 17 (00:00 UTC Sunday, Oct. 18), with long positions accounting for $152.9 million of the total. Long positions accounted for $152.9 million, or 77% of the total. A long position bets on rising prices, while a short position bets on declines. Short liquidations totaled $45.3 million. An exchange liquidates a leveraged trade when the account no longer meets required margin. Binance led the exchange totals with $154.2 million, followed by OKX at $26.8 million and Bybit at $17.2 million.

Source: TokenPost