Crypto Liquidations Reach $131.7 Million as Shorts Take 64%

Crypto traders saw $131.7 million in positions forcibly closed across Binance, Bybit and OKX over 24 hours through Oct. 19, with short positions accounting for 64% of the total. The window ended Oct. 19 at 8:07 p.m. ET (Oct. 20 at 00:07 UTC) and included 32,414 orders. Short positions made up $84.6 million of the total, while long positions accounted for $47.1 million. A liquidation is the forced closure of a leveraged trading position. Ether (ETH) led the listed symbols with $45.8 million in liquidations, including $32.7 million in shorts and $13.2 million in longs. Bitcoin (BTC) followed at $35.8 million, comprising $23.8 million in shorts and $12 million in longs. ZEC recorded $7.8 million in liquidations, SOL had $5.2 million, Q had $4.6 million and SOXL had $2.3 million.

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