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Crypto Liquidations Reach $493 Million, Affecting 192,281 People

Long positions made up $351 million of the total, while short positions accounted for $142 million. The largest single liquidation was valued at $4.7743 million.

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A bent steel bar rests beside an intact bar on an ivory plinth / TokenPost.ai
A bent steel bar rests beside an intact bar on an ivory plinth / TokenPost.ai

Crypto markets recorded $493 million in liquidations during a 24-hour period reported Oct. 24, with long positions accounting for most of the total and liquidations affecting 192,281 people.

Long-position liquidations totaled $351 million, while short-position liquidations reached $142 million. The two sides together matched the reported $493 million total.

The largest single liquidation was valued at $4.7743 million on Binance’s ETHUSDT trading pair, tied to Ether (ETH). An earlier 24-hour liquidation snapshot totaled $348 million on Oct. 12.

Enna Lee

Reporter

Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.

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