Bitcoin Long Liquidations Reach $12.39 Million in One Hour

Bitcoin (BTC) recorded $12.39 million in long-position liquidations during the hour ending at 9:46 a.m. ET (13:46 UTC) on Oct. 7, as the cryptocurrency fell 0.54% to $83,003.

Total liquidations reached $12.40 million across the period. Long positions accounted for $12.39 million, while short liquidations totaled $0.00 million.

Bitcoin traded at $83,455 at the start of the hour and fell to $83,003 by the end. The figures were collected from publicly available liquidation data on Binance, Bybit and OKX and cover those three exchanges rather than the entire market.