Crypto Liquidations Hit $64.84 Million in One Hour, Led by Longs

Crypto liquidations totaled $64.84 million across Binance, Bybit and OKX during the hour ending at 12:21 a.m. ET (04:21 UTC) Thursday, with nearly all of the losses coming from long positions.

Long liquidations reached $64.55 million, compared with $280,000 in short liquidations, across 6,938 trades. The figures cover public liquidation data collected from the three exchanges as of 1:21 p.m. Korea Standard Time.

Binance recorded the largest share at $44.87 million, followed by Bybit at $12.55 million and OKX at $7.41 million.

Bitcoin (BTC) accounted for $25.77 million of the liquidations. Ether (ETH) followed with $7.92 million, while Zcash (ZEC) recorded $7.63 million.