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Bitcoin Long Liquidations Hit $29.65 Million in One Hour

Total Bitcoin liquidations reached $29.71 million as the price fell 0.91% to $81,850 during the same hour.

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Gold-colored coin beside fallen market markers on glass / TokenPost.ai
Gold-colored coin beside fallen market markers on glass / TokenPost.ai

Bitcoin (BTC) long positions worth $29.65 million were liquidated in the hour ending at 7:34 p.m. ET on Oct. 12 (23:34 UTC), as the leading cryptocurrency fell 0.91% to $81,850.

The total liquidation value reached $29.71 million across Binance, Bybit and OKX, based on public data collected and combined from the three exchanges. Short liquidations accounted for $60,000.

Bitcoin traded at $82,602 at the start of the measured hour before falling to $81,850. The figures cover the three exchanges and do not represent the entire market.

Enna Lee

Reporter

Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.

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