Crypto Liquidations Reach $189.1 Million as Long Positions Lead

Crypto markets recorded $189.1 million in forced position closures over 24 hours through 7:01 p.m. ET Monday, with long positions accounting for 63% of the total across Binance, OKX and Bybit.

Long positions accounted for $119.1 million, compared with $70.1 million for shorts. The period included 46,359 liquidation orders. A liquidation is the forced closing of a trading position.

Binance had the largest exchange tally at $119.1 million. OKX recorded $52.2 million, while Bybit had $17.9 million.

Ether (ETH) led the asset breakdown with $53.9 million in liquidations, including $36.8 million from longs and $17.1 million from shorts. Bitcoin (BTC) followed at $52.2 million, with $30.6 million in long liquidations and $21.7 million in short liquidations.

XRP had $9 million in liquidations, including $7.8 million from longs and $1.2 million from shorts. Solana (SOL) recorded $7.7 million, split between $5.4 million in long liquidations and $2.3 million in short liquidations.

SOXL had $7.1 million in liquidations, with $2.7 million from longs and $4.3 million from shorts. Zcash (ZEC) recorded $7 million, including $5.4 million from longs and $1.6 million from shorts. Long liquidations exceeded short liquidations for five of the six listed assets; SOXL was the exception.

The largest single liquidation was a $9.1 million Ether long position on Binance at 2:13 a.m. ET on Nov. 9.