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Crypto Traders See $58.31 Million Liquidated in One Hour

Long positions accounted for $55.89 million, or 96% of the total, across 6,291 liquidations.

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Red markers dominate a polished metal market liquidation gauge / TokenPost.ai
Red markers dominate a polished metal market liquidation gauge / TokenPost.ai

Crypto traders saw $58.31 million in positions liquidated during the one-hour period ending at 9:43 a.m. ET (13:43 UTC) on Oct. 8, with long positions accounting for 96% of the total.

The tally, compiled from public liquidation data collected from Binance, Bybit and OKX, included 6,291 liquidations. Long liquidations reached $55.89 million, while short liquidations totaled $2.42 million.

Binance recorded the largest share at $42.36 million, followed by Bybit with $10.73 million and OKX with $5.21 million. Bitcoin (BTC) accounted for $22.13 million of the liquidations, Ether (ETH) for $18.57 million and Solana (SOL) for $5.99 million.

The figures cover three major exchanges and do not represent the entire crypto market.

Enna Lee

Reporter

Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.

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