Binance Accounts for $800 Million in Liquidations, 39.3% of Total

Binance recorded about $800 million in futures liquidations during the 24-hour period covered by the Nov. 15 tally, accounting for 39.3% of the $2.027 billion total across crypto trading platforms.

The exchange ranked first among platforms by liquidation volume during that window. At Binance, liquidations were heavily weighted toward long positions. About $734 million in long positions were liquidated, representing 92.2% of the exchange’s total. Short positions accounted for about $62.33 million.

A long position in Ether (ETH) traded against USDT, valued at about $16.17 million, was the largest single liquidation across all platforms in the same period. It also occurred on Binance, putting the market’s largest individual liquidation on the platform with the highest overall volume.

Binance’s long liquidation total was nearly 12 times its short total, showing how concentrated the exchange’s liquidations were on the long side. The reported long and short figures sum to approximately $796.33 million, consistent with the rounded total of about $800 million.