Shorts Make Up 78% of $244 Million in Crypto Futures Liquidations

Crypto futures liquidations reached $244 million in a 24-hour tally dated Oct. 21, with short liquidations accounting for nearly 78% of the total and about 3.5 times the value of long liquidations.

Shorts totaled $190 million, or about 78% of the tally. Longs made up the remaining $53.94 million, roughly 22% of the total. Bitcoin (BTC) liquidations reached $78.72 million, while Ether (ETH) liquidations totaled $48.01 million.

Together, Bitcoin and Ether accounted for $126.73 million, just over half of the overall total. Liquidations involving other crypto assets made up the balance.

The largest single liquidation was an $8.74 million Binance ETHUSDT contract, about 3.6% of the total. An earlier crypto liquidation tally also broke out long and short positions.