Bitcoin Shorts Face $45.96 Million in Liquidations Over One Hour

Bitcoin (BTC) recorded $45.96 million in liquidations during the hour ending at 1:21 p.m. KST on Oct. 2, with short positions accounting for nearly all of the total as the price rose 1.32%. The figures cover public liquidation data collected from Binance, Bybit and OKX, rather than the entire market.

Short liquidations totaled $45.96 million, while long liquidations came to $10,000. Over the same hour, Bitcoin rose from $85,260 to $86,381.

Liquidations occur when exchanges automatically close leveraged positions that no longer meet margin requirements. The reported totals reflect the three exchanges’ data at the stated time.