Bitcoin Long Liquidations Reach $8.56 Million in One Hour

Bitcoin (BTC) had $8.56 million in long positions liquidated during the hour ending at 11:40 p.m. ET Oct. 23, as combined liquidations on Binance, Bybit and OKX reached $10.84 million. Long positions made up the larger share of the total, with short liquidations accounting for the remaining $2.28 million. TokenPost’s total combines publicly available liquidation data that it collected directly from the three exchanges. The figure covers Binance, Bybit and OKX only; it is not a marketwide total. The tally measures the one-hour period immediately before the 11:40 p.m. ET cutoff. The long-side amount exceeded short liquidations by $6.28 million, and the two figures add to the full exchange tally. Bitcoin moved from $81,846 to $81,839 over the same hour, a 0.01% decline.

BeCrypto News shows a short excerpt and links to the publisher. The full report belongs to TokenPost.