Crypto Liquidations Reach $115.9 Million as Shorts Take 66%

Crypto traders faced $115.9 million in forced liquidations across Binance, Bybit and OKX as short positions accounted for 66% of losses during the 24 hours ended Oct. 11 at 8:04 p.m. ET (Oct. 12 at 00:04 UTC).

The total covered 33,466 orders. Short liquidations reached $76.9 million, while long liquidations totaled $39.1 million. A liquidation occurs when an exchange forcibly closes a leveraged position after losses leave insufficient funds to keep it open.

Binance recorded the largest exchange total at $74.6 million. OKX followed with $28.1 million, and Bybit recorded $13.2 million.

Ether (ETH) led liquidations by asset at $28.1 million, including $7.9 million from long positions and $20.2 million from shorts. Bitcoin (BTC) followed with $25.5 million, comprising $5.0 million in long liquidations and $20.5 million in short liquidations.

Solana (SOL) liquidations totaled $8.2 million, split between $4.2 million in longs and $4.0 million in shorts. Zcash (ZEC) recorded $8.0 million, including $1.8 million in long liquidations and $6.1 million in short liquidations.

NEAR liquidations reached $7.9 million, with $1.4 million from longs and $6.5 million from shorts. STRK totaled $5.8 million, including $2.0 million in long liquidations and $3.7 million in short liquidations.

The latest tally follows earlier coverage of crypto liquidations dominated by short positions. The largest single liquidation in the latest period was a $2.5 million ETH short position on OKX at 11:40 a.m. ET (15:40 UTC) on Oct. 11.