Ether Long Liquidations Reach $19.46M in One Hour Across Three Exchanges

Ether (ETH) saw $19.47 million in liquidations, including $19.46 million in long positions, across Binance, Bybit and OKX in the hour ending 10:05 p.m. ET Nov. 3 (03:05 UTC Nov. 4).

TokenPost's total combines public liquidation figures collected from those three exchanges and does not cover the full crypto market. Long positions accounted for $19.46 million; short liquidations totaled $10,000, together making up the $19.47 million total.

ETH fell from $2,270 to $2,237 over the same hour, a 1.44% decline. A long position is a trade designed to benefit from a rising price, while a short position is designed to benefit from a decline. Liquidation forcibly closes a position when the trader can no longer meet its margin requirement.

The figures show long liquidations dominated during a window when ETH's price declined. Ether is the second-largest crypto asset by market capitalization. The aggregation reflects exchange activity during that one-hour window only. It is a point-in-time measure.