Crypto Liquidations Reach $335.5 Million as Longs Take 84%

Crypto markets logged $335.5 million in forced liquidations over the 24 hours ending Saturday evening, with long positions accounting for 84% of losses in a sharp reversal from the previous snapshot.

The tally covered 63,111 orders through 8:06 p.m. ET Saturday, Oct. 24 (00:06 UTC Sunday). Long positions lost $283 million, compared with $52.5 million for shorts. A liquidation is an exchange’s forced closure of a leveraged position when a trader can no longer meet margin requirements.

The previous 24-hour liquidation snapshot totaled $70.71 million, with short liquidations at $38.39 million and long liquidations at $32.32 million.

Binance recorded $245 million in liquidations, followed by Bybit at $46 million and OKX at $44.5 million. Ether (ETH) led assets at $102.6 million, including $85.5 million in long liquidations and $17.1 million in shorts. Bitcoin (BTC) followed at $99.2 million, with $86.9 million in longs and $12.2 million in shorts.

Solana (SOL) had $18.9 million in liquidations, while NEAR Protocol (NEAR) recorded $15.5 million, Zcash (ZEC) $12.6 million and BIRB $5.4 million. The largest single liquidation was an $11.9 million Ether long position on Binance at 11:15 a.m. ET Saturday, Oct. 24.