Bitcoin Long Liquidations Reach $12.28 Million in One Hour

Bitcoin (BTC) long liquidations reached $12.28 million in the hour ending at 9:53 a.m. ET (13:53 UTC) Oct. 30, as total liquidations across Binance, Bybit and OKX reached $12.38 million. The same hour saw Bitcoin's price decline 0.83%.

Long positions accounted for $12.28 million of the total, while short liquidations made up the remaining $100,000. The calculation combines publicly available liquidation records from Binance, Bybit and OKX. The aggregate covers Binance, Bybit and OKX only, not the broader market.

Bitcoin traded at $77,425 at the start of the measured hour and $76,780 at its end. Those are the two prices used in the 0.83% calculation, tying the price change to the same cutoff as the liquidation figures. The cutoff was 9:53 a.m. ET on Oct. 30.

Bitcoin was the No. 1 crypto asset by market capitalization. The reported total was an exchange-specific reading of liquidation activity for the largest crypto asset, rather than a tally across all trading venues. Long liquidations outweighed short liquidations in this one-hour window.