Crypto Liquidations Reach $32.9 Million in One Hour, 85% Shorts

Liquidations on Binance, Bybit and OKX totaled $32.9 million during the hour ending at 11:18 a.m. ET (15:18 UTC) Friday, Oct. 30, with short positions accounting for about 85% of the total.

TokenPost’s tally, based on public liquidation data it collected directly from the three exchanges, counted 3,474 events. Short liquidations totaled $27.82 million, compared with $5.08 million for long positions. At $27.82 million, shorts represented 84.6% of the $32.9 million aggregate.

Binance accounted for $28.68 million, while Bybit recorded $1.15 million and OKX $3.07 million. The exchange figures reconcile to $32.9 million, with Binance’s amount nearly seven times the $4.22 million combined on Bybit and OKX. Bitcoin (BTC) led the asset breakdown at $22.62 million, followed by Ether (ETH) at $2.9 million and XAU at $1.19 million. Bitcoin’s total was more than five times the combined $4.09 million for Ether and XAU.

The figures cover only Binance, Bybit and OKX, not the entire crypto market.