Crypto Liquidations Hit $31.32 Million in One Hour, Mostly Longs

Crypto traders saw $31.32 million in positions liquidated during the hour ending 7:30 a.m. ET (12:30 UTC) Nov. 12, with long positions accounting for nearly all of the total.

TokenPost's tally combined publicly available liquidation data from Binance, Bybit and OKX, covering those three exchanges rather than the full crypto market. Long positions made up about 97% of the $31.32 million total: $30.46 million, compared with $860,000 in shorts. The 5,565 liquidations represented roughly 35 times more dollar value on the long side than on the short side.

Binance accounted for $18.13 million, followed by OKX at $9.39 million and Bybit at $3.8 million. Binance represented about 58% of the total across the three exchanges; OKX accounted for about 30% and Bybit about 12%. By asset, Ether (ETH) led with $9.49 million, ahead of Bitcoin (BTC) at $9.24 million; Solana (SOL) was third at $2.07 million. The three leading assets combined for $20.80 million, about two-thirds of the tracked liquidations.