Add as a preferred source on GoogleEther Long Liquidations Reach $10.30 Million in One Hour
The three-exchange total was $10.38 million, including $80,000 in short liquidations. ETH fell from $2,011 to $1,993 during the same hour.
Ether (ETH) long liquidations reached $10.30 million across three exchanges in the hour ending 9:56 p.m. ET Nov. 12 (02:56 UTC Nov. 13), as ETH fell 0.86%.
The tally combines public liquidation data collected from Binance, Bybit and OKX. The $10.38 million total covers those three exchanges, not the entire market, and uses the hour immediately before the cutoff.
Long positions accounted for $10.30 million, compared with $80,000 for short positions. Long positions are bets on rising prices, while short positions are bets on falling prices. The long side therefore accounted for nearly all of the reported total.
ETH moved from $2,011 to $1,993 over the same hour, an $18 drop. Both the price comparison and liquidation totals apply to this one-hour window. Ether is the second-largest crypto asset by market capitalization.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.