Crypto Traders See $38.68 Million Liquidated in One Hour, 97% From Longs

Cryptocurrency traders saw $38.68 million in liquidations across Binance, Bybit and OKX in the hour through 10:22 p.m. ET Wednesday (02:22 UTC Thursday), with long positions accounting for 97%. Long positions made up $37.45 million of the total, while short positions accounted for $1.23 million. The tally included 9,727 liquidations over the one-hour period. The amount of long liquidations was roughly 30 times that of short liquidations. The venue breakdown was $28.49 million on Binance, $7.92 million on Bybit and $2.28 million on OKX.

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