Bitcoin Shorts Face $9.58 Million in Liquidations in One Hour

Bitcoin (BTC) short positions worth $9.58 million were liquidated in the hour ending at 8:36 a.m. ET (12:36 UTC) Oct. 2, as the cryptocurrency rose 0.46% over the same period.

Total Bitcoin liquidations reached $10.05 million during the hour. Long positions accounted for $470,000, while short positions made up the remaining $9.58 million.

Bitcoin traded at $86,495 at the start of the period and $86,894 at the end. The liquidation figures are TokenPost’s combined tally of publicly available data from Binance, Bybit and OKX, covering those three exchanges through 8:36 a.m. ET.

Bitcoin is the largest cryptocurrency by market capitalization. The reported liquidation total reflects the three exchanges in the tally, rather than a marketwide figure.