Bitcoin Long Liquidations Hit $12.55 Million in One Hour

Bitcoin (BTC) saw $12.55 million in long positions liquidated during the hour ending at 1:55 a.m. ET (05:55 UTC) on Oct. 23, as its price fell 0.71%. The figures capture liquidation activity across three exchanges during that one-hour interval.

Liquidations across Binance, Bybit and OKX totaled $12.58 million during the period. Long positions accounted for $12.55 million, while short positions accounted for $30,000. The three-exchange figure is not a marketwide total.

BTC's price moved from $81,678 at the beginning of the hour to $81,098 at the end. The change was a 0.71% decline over the same interval used for the liquidation count. Both measurements share the 1:55 a.m. ET cutoff on Oct. 23.

Bitcoin is the largest crypto asset by market capitalization, placing the tally on the largest asset in the market. The figures cover BTC liquidations on Binance, Bybit and OKX, rather than liquidation activity across all crypto exchanges.