Crypto Liquidations Reach $187.2 Million as Longs Make Up 60%

Crypto exchanges forcibly closed $187.2 million in leveraged positions during the 24 hours ending at 7:05 p.m. ET Nov. 11, with long positions making up 60% of the total.

Long liquidations totaled $112.6 million, compared with $74.6 million for shorts. The tally covered 47,357 orders. A liquidation is an exchange’s forced closure of a leveraged position.

Binance recorded $128.1 million in liquidations, the largest exchange total. OKX followed at $41.8 million, while Bybit recorded $17.4 million.

Bitcoin (BTC) led the listed assets with $44.3 million in liquidations. Ether (ETH) followed at $37.9 million, ahead of Zcash (ZEC) at $18.7 million and Solana (SOL) at $9.2 million. Short liquidations exceeded long liquidations for BTC; longs were higher for ETH, ZEC and SOL.

The largest single liquidation was a $3.7 million BTC long position on OKX at 5:28 p.m. ET Nov. 11. A separate earlier 24-hour liquidation tally put the total at $70.71 million, with short positions accounting for more than longs.