Crypto Liquidations Reach $46.1 Million as Longs Take 79%

Crypto exchanges recorded $46.1 million in forced liquidations in the 24 hours ending 7:01 p.m. ET Nov. 7 (00:01 UTC Nov. 8), with long positions accounting for nearly four-fifths of the total.

Long liquidations totaled $36.4 million, or 79% of the overall amount, while short liquidations reached $9.7 million. The window included 24,898 orders. Binance led with $34.5 million, followed by OKX at $6.5 million and Bybit at $5.1 million.

The tally was below the $148.9 million in a previous 24-hour liquidation tally, when longs accounted for 64% of losses.

XRP had $6.4 million in liquidations, including $6.1 million in longs and $256,709 in shorts. Ether (ETH) followed at $5.8 million, with $4.9 million in long liquidations and $974,913 in shorts.

Zcash (ZEC) recorded $5.2 million, split between $4.6 million in longs and $528,800 in shorts. Bitcoin (BTC) had $4.8 million, including $3.8 million in longs and $986,213 in shorts. ONE posted $2.6 million, with $1.0 million in long liquidations and $1.5 million in shorts. Solana (SOL) recorded $2.3 million, including $2.1 million in longs and $161,509 in shorts.

The largest single liquidation was a $445,500 SOL long on OKX at 3:47 p.m. ET Nov. 7. A liquidation is the forced closing of a trading position.