Add as a preferred source on GoogleCrypto Traders Lose $73.17 Million in One Hour as Longs Dominate
Long positions accounted for $72.03 million of the liquidations across Binance, Bybit and OKX as of 5:42 a.m. ET on Sept. 24.
Crypto traders had $73.17 million in positions liquidated across three major exchanges during the hour ending at 5:42 a.m. ET (09:42 UTC) on Sept. 24, with long positions accounting for nearly 98% of the total.
The liquidations covered 7,312 positions. Long positions, which are bets that prices will rise, totaled $72.03 million, while short liquidations reached $1.14 million.
Binance recorded $49.30 million in liquidations during the period, followed by OKX with $16 million and Bybit with $7.87 million. By asset, Ether (ETH) led with $26.10 million in liquidations, followed by Bitcoin (BTC) at $23.46 million and XRP at $5.62 million.
The figures are TokenPost's combined tally of publicly disclosed liquidation data from Binance, Bybit and OKX and do not represent the entire cryptocurrency market.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.