Longs Made Up 84% of $655.4 Million in Crypto Liquidations

Crypto traders saw $655.4 million in liquidations across Binance, Bybit and OKX over the 24 hours through 7:02 p.m. ET Nov. 13, with long positions accounting for 84%. The total covered 82,935 orders.

Long liquidations reached $549.9 million, compared with $105.5 million for shorts. Binance recorded $409.3 million, followed by Bybit at $126.1 million and OKX at $120 million.

Bitcoin (BTC) led the listed assets with $328.5 million in liquidations, including $294.6 million in longs and $34 million in shorts. Ether (ETH) followed with $159.4 million: $116.9 million in longs and $42.5 million in shorts.

Solana (SOL) had $30.3 million in liquidations, while Zcash (ZEC) totaled $21 million. XRP recorded $12.5 million, and Dogecoin (DOGE) had $7.2 million. Long liquidations exceeded short liquidations for each of the six listed assets.

The largest single liquidation was a $17.8 million Ether short on Binance at 8:32 a.m. ET Nov. 13. A liquidation is the forced closing of a trading position.