Crypto Liquidations Hit $117.9 Million With Longs and Shorts Nearly Even

Crypto derivatives traders saw $117.9 million in forced liquidations over 24 hours through 7:01 p.m. ET Nov. 3, with long and short positions accounting for nearly equal shares.

Long positions made up $59.4 million, or 50% of the total, while short positions accounted for $58.5 million. The period included 32,070 orders. A previous daily liquidation recap covered an earlier 24-hour window.

Binance led exchange totals with $80.5 million. OKX followed with $25.3 million, and Bybit recorded $12.2 million.

Bitcoin (BTC) had the highest coin total at $34.5 million, including $20.7 million in long liquidations and $13.8 million in shorts. Ether (ETH) followed at $29.1 million, with $9.7 million in longs and $19.4 million in shorts. Zcash (ZEC) totaled $6.9 million, Solana (SOL) $3.7 million and XRP $3.3 million.

A liquidation is the forced closure of a derivatives position. The largest single liquidation was an $8.8 million BTC long position on Binance at 10:01 p.m. ET Nov. 2.