Ether Long Liquidations Reach $12.39 Million in One Hour

Ether (ETH) saw $12.48 million in liquidations in the hour ending at 6:15 p.m. ET Wednesday, Nov. 11 (23:15 UTC), including $12.39 million in long positions.

TokenPost’s tally combined public liquidation figures from Binance, Bybit and OKX. The $12.48 million total covers those three exchanges only and is not a marketwide figure. Short liquidations totaled $90,000, a $12.3 million difference between the long and short sides.

ETH moved from $2,073 to $2,038 over the same hour, a decline of $35, or 1.69%. The price observations and liquidation count refer to the same one-hour window ending at 6:15 p.m. ET.

Ether is the second-largest crypto asset by market capitalization. The figures cover a single hour, rather than a longer period, and show that long positions made up the majority of liquidations recorded across the three exchanges. The long-side total was $12.39 million, compared with $90,000 on the short side.