Crypto Liquidations Reach $359 Million, With Longs at 84%

Crypto exchanges recorded $359 million in forced position closures over the 24 hours ending at 7:01 p.m. ET Tuesday, with long positions accounting for 84% of the total across Binance, OKX and Bybit.

Long liquidations totaled $301 million, compared with $58 million in short liquidations. The tally covered 62,399 liquidation orders.

Binance had the largest exchange total at $233.5 million. OKX followed with $64.7 million, while Bybit recorded $60.8 million.

Ether (ETH) led the listed assets with $116.4 million in liquidations, including $99.1 million in longs and $17.3 million in shorts. Bitcoin (BTC) followed at $93.5 million, split between $77.5 million in longs and $16 million in shorts. Zcash (ZEC) ranked third at $26 million, with $22.3 million in longs and $3.7 million in shorts.

Solana (SOL) liquidations totaled $24.3 million, including $23.3 million in longs and $1 million in shorts. XRP reached $14.1 million, with $13.2 million in long liquidations and $959,212 in short liquidations. SOXL recorded $8 million, including $4.5 million in longs and $3.4 million in shorts. Long liquidations exceeded short liquidations in each of the six listed categories.

The largest single order was an $11.5 million Ether long liquidated on Binance at 8:30 a.m. ET Tuesday. A liquidation is an exchange’s forced closure of an open position.