Bitcoin Long Liquidations Reach $8.16 Million in One Hour

Bitcoin (BTC) saw $8.16 million in long positions liquidated across three exchanges during the hour ending 1:45 p.m. ET (17:45 UTC) Oct. 16, as its price slipped 0.07%.

Liquidations totaled $10.81 million across Binance, Bybit and OKX during the one-hour period. Long positions accounted for $8.16 million, while short positions accounted for $2.65 million. Together, the two position categories make up the reported exchange total.

The hourly count combines public liquidation data from Binance, Bybit and OKX. The tally covers Binance, Bybit and OKX only, rather than the entire cryptocurrency market, so its total is limited to those venues.

Bitcoin traded from $81,572 to $81,512 during the same hour, a decline of $60. The asset is the largest cryptocurrency by market capitalization. The interval ran from 12:45 to 1:45 p.m. ET (16:45-17:45 UTC) Oct. 16.