Three Exchanges Record $31.52 Million in Crypto Liquidations in One Hour

Crypto traders on Binance, Bybit and OKX had $31.52 million in positions liquidated during the hour ending 11:15 a.m. ET (15:15 UTC) Oct. 29, with shorts making up about 90% of the total. The TokenPost tally came from publicly available liquidation data collected directly from Binance, Bybit and OKX. It covered those three exchanges only, not the full crypto market, and counted 4,376 liquidation events in the one-hour period. The exchange amounts divide the $31.52 million total among those three venues. Short positions accounted for $28.51 million of the total, while long positions accounted for $3.01 million.

Source: TokenPost