Long Positions Drive $745.9 Million in 24-Hour Crypto Liquidations

Traders on Binance, OKX and Bybit had $745.9 million in crypto positions forcibly closed over the 24 hours through 7:01 p.m. ET Nov. 5 (00:01 UTC Nov. 6), with long positions making up about 90% of the total.

Of 118,576 liquidation orders, $671.0 million involved long positions and $74.8 million involved shorts. A liquidation occurs when an exchange forcibly closes a trader’s position.

Binance had the largest exchange total at $545.1 million. OKX followed with $133.0 million, and Bybit recorded $67.8 million.

Bitcoin (BTC) led the listed crypto assets with $213.2 million in liquidations, including $193.6 million in longs and $19.5 million in shorts. Ether (ETH) followed at $147.7 million, with $131.2 million in longs and $16.5 million in shorts. Solana (SOL) recorded $39.3 million, including $35.5 million in longs and $3.8 million in shorts.

The largest individual closure was an $11.8 million BTC long on OKX at 9:41 a.m. ET (14:41 UTC) Nov. 5. TokenPost has also covered an earlier 24-hour liquidation recap.