Crypto Liquidations Reach $150.3 Million, With Shorts Taking 65%

Crypto markets recorded $150.3 million in forced position closures over 24 hours through 8:08 p.m. ET Oct. 28, with short positions accounting for nearly two-thirds of the total.

The period included 35,906 liquidation orders. Short positions made up $97.7 million, while long positions accounted for $52.6 million.

Binance recorded $102.8 million in liquidations, the largest exchange total. OKX had $33.5 million and Bybit recorded $14.1 million.

Bitcoin (BTC) led the listed asset breakdown at $36.4 million, including $25.1 million in short liquidations and $11.4 million in long liquidations. Ether (ETH) followed with $35.8 million, split between $24.6 million in shorts and $11.2 million in longs.

Solana (SOL) recorded $9.6 million in liquidations, while Zcash (ZEC) had $5.1 million and Pepe (PEPE) totaled $4.3 million. SNDK recorded $3.3 million, including $451,528 in long liquidations and $2.9 million in shorts. Short liquidations exceeded long liquidations for each of the six listed assets.

The largest single liquidation was a $3.6 million BTC short position on Binance at 4:01 p.m. ET Oct. 28. A liquidation is the forced closure of a leveraged position when its collateral no longer meets margin requirements.

The figures extend TokenPost’s earlier coverage of 24-hour crypto liquidation totals.