Long Positions Account for $443 Million of $525 Million in Crypto Liquidations

Long positions accounted for about 84% of $525 million in crypto liquidations over a 24-hour period, with Bitcoin and Ether making up $290 million of the long liquidations.

Long liquidations totaled $443 million, compared with $81.8 million in short liquidations. Bitcoin (BTC) had $154 million in long liquidations and $20.37 million in short liquidations. Ether (ETH) recorded $136 million in long liquidations and $25.78 million in shorts. Together, the two assets represented about 65% of long liquidations.

A long position is structured to gain when the tracked asset’s price rises. At 9:44 a.m. ET (13:44 UTC) Sunday, Bitcoin traded at $80,337, down 0.33% over 24 hours. Ether was at $2,333.72, down 1.30%.