Long Positions Drive $85.39 Million in Crypto Liquidations in Four Hours

Crypto liquidations totaled $85.39 million during a four-hour period on Oct. 22. Long positions accounted for $79.94 million of that amount, while short positions made up $5.45 million. Long liquidations represented about 93.6% of the four-hour total, based on the reported figures. The long and short amounts together equal the $85.39 million aggregate. Across 24 hours, 102,803 traders were liquidated for a combined $429 million. The largest single liquidation in that period was valued at $11.78 million on Binance’s BTCUSDT market. Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.

Source: TokenPost