Long Positions Lead $157 Million in Four-Hour Crypto Liquidations

Long positions accounted for $141 million of $157 million in crypto liquidations over the four hours ending Oct. 16, leaving the reported activity heavily concentrated among traders betting on price gains. The long total represented about 90% of the four-hour figure. Short liquidations were $16.88 million, making the long-side amount more than eight times the short-side total. The tally ended at 1:27 p.m. ET (17:27 UTC) Oct. 16. Bitcoin (BTC) liquidations totaled $45.9 million, while Ether (ETH) liquidations reached $28.05 million. Together, the two assets accounted for $73.95 million, or about 47% of the marketwide total. Bitcoin's figure exceeded Ether's by $17.85 million. The combined amount for the two assets was $67.05 million below the long-position total. Enna Lee reports on investing and digital-asset markets for TokenPost.

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