Longs Absorb $36.5 Million of $64.2 Million in Crypto Liquidations

Leveraged crypto positions worth $64.2 million were forcibly closed across Binance, OKX and Bybit in the 24 hours to 7 p.m. ET Sunday, Nov. 1, with long positions making up most of the losses.

Longs accounted for $36.5 million, or 57% of the total, while shorts made up $27.7 million. The window covered 26,941 orders. Binance had the largest exchange total at $46 million, followed by OKX at $11.8 million and Bybit at $6.4 million.

Bitcoin (BTC) led assets with $15.1 million in liquidations, including $10.4 million in shorts and $4.7 million in longs. Ether (ETH) followed at $12.2 million, with $6.2 million in long liquidations and $5.9 million in shorts.

Solana (SOL) recorded $4.7 million, including $4.5 million in longs and $293,126 in shorts. Zcash (ZEC) had $3.9 million, with $3.5 million in longs and $418,603 in shorts. Pepe (PEPE) totaled $1.5 million, while ESPORTS reached $2.1 million. Long liquidations exceeded shorts for ETH, SOL, ZEC and PEPE; the reverse was true for BTC and ESPORTS.

The largest single liquidation was a $1.2 million BTC short on Binance at 6:39 p.m. ET Sunday. Liquidation occurs when an exchange forcibly closes a leveraged position that no longer meets collateral requirements. The tally follows a previous 24-hour liquidation snapshot that totaled $70.71 million, with shorts accounting for more losses than longs.