Crypto Liquidations Reach $197.4 Million in 24 Hours as Longs Lead

Long positions made up 68% of $197.4 million in crypto liquidations over the 24 hours through 8 p.m. ET Oct. 18, leading a tally that included 55,406 forced closures.

Long liquidations totaled $134.1 million, compared with $63.3 million for shorts. Binance recorded $136.2 million in liquidations, followed by OKX at $40.2 million and Bybit at $21 million.

Ether (ETH) led the assets listed, with $55.6 million in liquidations: $32.1 million from longs and $23.6 million from shorts. Bitcoin (BTC) followed at $44 million, split between $27.6 million in longs and $16.4 million in shorts.

Solana (SOL) recorded $12.6 million, including $8.5 million in long liquidations and $4.1 million in short liquidations. Zcash (ZEC) totaled $11.8 million, with $9.1 million in longs and $2.7 million in shorts. XRP reached $4.7 million, while Q totaled $4.4 million; Q was the only one of those assets with more short than long liquidations.

The largest single liquidation was an $11.7 million BTC long on Binance at 4:16 p.m. ET Oct. 18. A liquidation is the forced closure of a leveraged trading position. A previous recap of long-led liquidations covered a separate 24-hour period.