Add as a preferred source on GoogleBitcoin Long Liquidations Hit $12.04 Million in One Hour
All recorded liquidations involved long positions as Bitcoin fell from $83,364 to $82,755, a 0.73% decline.
Bitcoin (BTC) recorded $12.04 million in long-position liquidations during the hour ending at 8:39 a.m. ET (12:39 p.m. UTC) on Oct. 12, as its price fell 0.73%.
The liquidations covered Binance, Bybit and OKX, based on direct collection and aggregation of their publicly available liquidation data. The tally covers those three exchanges rather than the entire market.
Long liquidations accounted for the full $12.04 million total, while short liquidations were $0 million. Bitcoin’s price moved from $83,364 to $82,755 during the same one-hour period.
Bitcoin is the cryptocurrency market’s largest asset by market capitalization.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.