Liquidations Across Binance, Bybit and OKX Reach $198.2 Million, With Longs at 77%

Crypto derivatives markets logged $198.2 million in forced liquidations in the 24 hours through 8 p.m. ET Saturday, Oct. 17 (00:00 UTC Sunday, Oct. 18), with long positions accounting for $152.9 million of the total.

Long positions accounted for $152.9 million, or 77% of the total. A long position bets on rising prices, while a short position bets on declines. Short liquidations totaled $45.3 million. An exchange liquidates a leveraged trade when the account no longer meets required margin.

Binance led the exchange totals with $154.2 million, followed by OKX at $26.8 million and Bybit at $17.2 million. The 24-hour period included 52,015 liquidation orders across the three exchanges.

By ticker, Ether (ETH) had the most liquidations at $37.3 million: $32.6 million on longs and $4.7 million on shorts. Bitcoin (BTC) totaled $19.5 million, split between $17.5 million in long liquidations and $2 million in short liquidations. Solana (SOL) recorded $10.8 million, including $9.7 million on longs and $1.1 million on shorts.

SOXS totaled $8.8 million, with $8.8 million in short liquidations and $1,126 in long liquidations. SOXL recorded $8.6 million, split between $4.7 million in longs and $3.9 million in shorts. Zcash (ZEC) had $8.2 million in liquidations, including $6.2 million on longs and $2 million on shorts.

The largest single liquidation was a $7.3 million SOXS short on Binance at 5:31 p.m. ET Saturday, Oct. 17 (21:31 UTC).