Crypto Liquidations Reach $361 Million as Longs Take 84% of Losses

Crypto traders faced $361.0 million in forced liquidations across 67,567 orders during the 24 hours ending Oct. 12 at 8:04 p.m. ET (Oct. 13, 00:04 UTC), with leveraged long positions absorbing most of the losses.

Long liquidations totaled $303.3 million, representing 84% of the period’s total. Short positions accounted for the remaining $57.7 million.

A liquidation occurs when an exchange forcibly closes a leveraged position after losses reduce the trader’s available margin. The latest total was substantially higher than the $70.71 million recorded in earlier TokenPost coverage of crypto liquidations.

Binance posted the largest exchange-level total at $258.1 million. OKX followed with $68.0 million, while Bybit recorded $34.9 million.

Ether (ETH) led liquidations by asset, with $90.8 million in positions closed. Longs accounted for $73.0 million of that figure, compared with $17.8 million in short liquidations.

Bitcoin (BTC) liquidations reached $78.2 million, including $67.0 million from long positions and $11.2 million from shorts. Solana (SOL) recorded $28.4 million, with $25.2 million in long liquidations and $3.2 million in short liquidations.

ZEC liquidations totaled $22.9 million, divided between $14.2 million in long positions and $8.8 million in shorts. NEAR reached $10.2 million, including $9.3 million in long liquidations and $911,117 in shorts.

XRP recorded $10.0 million in liquidations. Long positions made up $9.6 million of the total, while short liquidations accounted for $404,870.

The largest individual liquidation was a $9.7 million Bitcoin long position on Binance at 7:06 p.m. ET on Oct. 12.