Three Exchanges Record $42.13 Million in One-Hour Crypto Liquidations

In the hour ending at 10:37 a.m. ET (15:37 UTC) Nov. 10 (Nov. 11 KST), liquidations across Binance, Bybit and OKX totaled $42.13 million, with long positions making up 62%.

TokenPost directly collected public liquidation data from the three exchanges and counted 6,417 liquidations. Long positions accounted for $25.96 million, compared with $16.17 million in short positions, a $9.79 million difference. Combined, the two position types account for the $42.13 million total. The tally covers only Binance, Bybit and OKX, not the full crypto market.

Binance recorded $28.94 million in liquidations, followed by OKX at $8.52 million and Bybit at $4.68 million. Bitcoin (BTC) led the listed assets at $12.01 million, ahead of Ether (ETH) at $10.95 million and Zcash (ZEC) at $3.24 million.

Long positions benefit from rising prices, while short positions benefit from falling prices. The hourly figures show more liquidation value came from positions set to gain from price increases than from positions set to gain from declines.