Overnight Crypto Liquidations Hit $959.14 Million as Long Positions Dominate

Crypto traders saw $959.14 million in leveraged positions forcibly closed in the 24-hour window ending at 1:31 a.m. ET (05:31 UTC) Oct. 15, as long positions accounted for most of the market’s forced unwinds. Long positions represented 91.7% of the total, and 179,532 traders were affected. Ether (ETH) liquidations totaled $288.60 million, compared with $198.90 million for Bitcoin (BTC). The largest single closure was a $12.03 million long position in the BTC-USDT pair on Binance, priced at $80,208.96. Bitcoin had briefly fallen to $79,950 at 9:54 a.m. ET (13:54 UTC), then rose above $81,000 by 10:30 a.m.

Source: TokenPost