Crypto Liquidations Reach $30.04 Million in One Hour, 75% Short

Liquidations totaled $30.04 million across Binance, Bybit and OKX during the hour ending Nov. 10 at 10:12 a.m. ET (15:12 UTC), with short positions making up 75% of the total.

Short positions accounted for $22.53 million, while liquidations of long positions totaled $7.51 million. The tally included 5,375 liquidation events. The figures cover public data collected from those three exchanges and do not represent a market-wide total. The short-side amount was exactly three times the long-side amount.

Binance accounted for $22.22 million of the snapshot, compared with $4.96 million on OKX and $2.86 million on Bybit. Those exchange figures add to the $30.04 million total.

By asset, Ether (ETH) had the highest liquidation amount in the tally at $8.05 million, followed by Bitcoin (BTC) at $7.38 million. SOXL was also listed at $2.47 million. The tally did not identify a cause for the liquidations.