Crypto Liquidations Reach $292 Million in an Hour, With $222 Million in Longs

Crypto markets recorded $292 million in liquidations during the one-hour period ending at 10:47 a.m. ET (15:47 UTC) Nov. 10, with positions on the long side accounting for $222 million of the total.

Long liquidations made up roughly 76% of the total. Short positions accounted for $70.18 million, or about 24%. The long-side total was more than three times the short-side figure, a gap of approximately $151.8 million. Those proportions describe the balance of liquidations in the hour.

Ether (ETH) had the largest asset-specific figure, with $121 million liquidated. Bitcoin (BTC) followed at $89.41 million. Ether's amount was about $31.6 million higher than Bitcoin's. Together, the two assets accounted for approximately $210.4 million, equal to about 72% of total hourly liquidations. Ether represented about 41% of the aggregate and Bitcoin roughly 31%.

Approximately $81.6 million came from liquidations in other crypto assets. The distribution shows the hourly total was weighted toward long positions and concentrated in Ether and Bitcoin.