Crypto Liquidations Reach $33.12 Million in One Hour, 98% From Shorts

Crypto positions worth $33.12 million were liquidated in the hour ending 7:25 a.m. ET (11:25 UTC) Oct. 16, with short positions making up 98% of the total. The snapshot recorded $32.35 million in short liquidations against $770,000 in long liquidations, a short-side total more than 42 times larger. TokenPost's tally counted 2,264 liquidation events by combining public data it collected from Binance, Bybit and OKX. Binance accounted for $24.83 million, followed by OKX at $5.81 million and Bybit at $2.48 million. The three exchange totals add to $33.12 million. Ether (ETH) led the asset breakdown with $18.12 million, followed by Bitcoin (BTC) at $12.45 million and Solana (SOL) at $450,000. The measured hour ran from 6:25 a.m. ET (10:25 UTC) to 7:25 a.m. ET (11:25 UTC) Oct. 16.

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