Crypto Liquidations Hit $37.24 Million in One Hour on Three Exchanges

Crypto liquidations across Binance, Bybit and OKX totaled $37.24 million in the hour ending 11:17 a.m. ET on Oct. 20 (15:17 UTC Oct. 20), with long positions accounting for 76% of the total.

The three exchanges recorded 5,066 liquidations during that hour. Long positions accounted for $28.48 million, while short positions made up $8.76 million. In dollar terms, more than three times as much was liquidated on the long side as on the short side.

Binance recorded $26.79 million in liquidations, the largest amount among the three exchanges. OKX followed with $7.77 million, and Bybit recorded $2.68 million. Those exchange figures add up to the $37.24 million total for the measured period.

Ether (ETH) had the largest asset total at $17.41 million, followed by Bitcoin (BTC) at $8.01 million and Zcash (ZEC) at $1.60 million. The figures combine the exchanges' public liquidation data collected directly. The total covers only Binance, Bybit and OKX, rather than every trading venue.