Crypto Liquidations Reach $35.8 Million as Shorts Take 52%

Crypto exchanges recorded $35.8 million in forced liquidations in the 24 hours through 8 p.m. ET Oct. 31, with short positions accounting for 52% of losses across 23,960 orders.

Shorts accounted for $18.6 million, compared with $17.2 million for longs. A liquidation is an exchange’s forced closure of a leveraged position when it no longer meets margin requirements.

Binance had the largest exchange total at $26.5 million, followed by OKX at $6.2 million and Bybit at $3.2 million. An earlier 24-hour liquidation update also showed shorts leading losses.

Ether (ETH) led the named assets at $6.4 million, including $5.3 million in short liquidations and $1.1 million in long liquidations. Bitcoin (BTC) followed at about $4.8 million, with $3.3 million in shorts and $1.6 million in longs.

Zcash (ZEC) had $2.3 million in liquidations, while AIN totaled $1.7 million. Solana (SOL) recorded $1.5 million and HYPE $1.3 million. Short liquidations exceeded long liquidations for ETH, BTC and AIN; longs led for ZEC, SOL and HYPE.

The largest single liquidation was an $880,423 ETH short position on OKX at 1:46 p.m. ET Oct. 31.