Crypto Liquidations Reach $183.6 Million as Shorts Account for 73%

Leveraged crypto positions totaling $183.6 million were forcibly closed during the 24 hours through 8:05 p.m. ET Oct. 21 (00:05 UTC Oct. 22). Short positions accounted for $134.8 million, while longs made up $48.8 million. The period covered 45,618 orders.

Binance recorded $118.7 million in liquidations. OKX had $44.6 million, and Bybit recorded $20.3 million.

Bitcoin (BTC) led the asset breakdown with $61 million in liquidations: $55.6 million from shorts and $5.4 million from longs. Ether (ETH) followed at $44.7 million, split between $33.7 million in shorts and $11 million in longs.

Zcash (ZEC) ranked third at $13.4 million, including $11.4 million in shorts and $2 million in longs. Solana (SOL) had $7 million, while IOST recorded $6.5 million. XRP liquidations totaled $3.9 million, including $3.3 million in shorts and $673,288 in longs.

The largest individual liquidation was an $8.7 million Ether short on Binance at 9:06 a.m. ET Oct. 21 (13:06 UTC). A liquidation is a forced closing of a leveraged position when its margin can no longer cover losses.