Crypto Liquidations Hit $49.13 Million in One Hour, With Shorts at 97%

Liquidations across Binance, Bybit and OKX reached $49.13 million in the hour ending 11:40 a.m. ET (15:40 UTC) Oct. 21, with short positions accounting for 97% of the total. The 4,905 events were heavily concentrated on the short side.

The tally counted $47.57 million in short liquidations and $1.57 million in long liquidations. TokenPost collected and combined publicly available liquidation data from the three exchanges for the hour. The figure covers those venues only and is not a market-wide total.

Binance recorded $25.44 million, the most among the exchanges. OKX followed with $16.74 million, while Bybit had $6.95 million. The three exchange figures add up to the $49.13 million total.

Bitcoin (BTC) accounted for $28.77 million in liquidations, followed by Ether (ETH) at $8.92 million and Zcash (ZEC) at $2.61 million. The three named assets together represented $40.30 million of the measured total.