Bitcoin Long Liquidations Reach $13.77 Million in One Hour

Bitcoin (BTC) long positions worth $13.77 million were liquidated in the hour ending at 10:13 a.m. ET (14:13 UTC) on Oct. 8, while the cryptocurrency’s price edged higher during the period.

Total Bitcoin liquidations reached $14.69 million across the hour, including $910,000 in short positions. Liquidations occur when exchanges forcibly close leveraged trades after traders can no longer meet margin requirements.

BTC traded at $82,482 at the start of the measured period and reached $82,598 by the end, an increase of 0.14%. The figures cover public liquidation data collected from Binance, Bybit and OKX and represent the combined total from those three exchanges, rather than the entire market.

The data was measured at 11:13 p.m. Korea Standard Time on Oct. 8, or 10:13 a.m. ET.