Longs Account for 79% of $235.7 Million in Exchange Liquidations

Forced liquidations on Binance, Bybit and OKX totaled $235.7 million in the 24 hours through 7:01 p.m. ET Nov. 2, with long positions accounting for 79% of the total.

Long positions were liquidated for $185.1 million, while short positions totaled $50.5 million. The period included 51,963 liquidation orders.

Ether (ETH) led the listed assets with $51.7 million in liquidations, including $30.8 million in longs and $20.9 million in shorts. Bitcoin (BTC) followed at $50.7 million, with $39.2 million in longs and $11.4 million in shorts.

Solana (SOL) totaled $17.3 million, split between $15 million in long liquidations and $2.3 million in shorts. Zcash (ZEC) recorded $13.7 million, including $10.6 million in longs and $3.1 million in shorts.

SOXL had $10.3 million in liquidations, with $10 million in longs and $339,256 in shorts. SNDK totaled $9.6 million, including $9.2 million in longs and $379,084 in shorts. Long liquidations exceeded short liquidations for every listed ticker.

Binance recorded $170.2 million in liquidations, followed by OKX at $44.2 million and Bybit at $21.2 million. The largest single liquidation was an $8.3 million Ether long on Binance at 12:45 p.m. ET Nov. 2.

A liquidation is the forced closing of a leveraged position when an account can no longer support it.