Crypto Liquidations Reach About $476 Million in an Hour, Led by Longs

About $476 million in crypto derivatives positions were liquidated over a one-hour stretch, with long positions accounting for more than 95% of the total as the market moved lower. The total included $457 million in longs and $18.2 million in shorts. Traders positioned for higher prices bore most of the forced exits. Binance recorded about $292 million in liquidations, roughly 62% of the marketwide total. Bybit followed with $63.34 million, while Hyperliquid had $33.56 million. Ether (ETH) accounted for about $199 million, and Bitcoin (BTC) for roughly $110 million.

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