Crypto Liquidations Reach $55.33 Million in One Hour, 98% Longs

Liquidations across Binance, Bybit and OKX reached $55.33 million in the hour ended at 6:50 p.m. ET Friday, Oct. 23 (22:50 UTC), with long positions accounting for about 98% of the total.

The 60-minute window ran from 5:50 to 6:50 p.m. ET. TokenPost collected and combined public liquidation data from the three exchanges for the tally, which covers those venues rather than the whole crypto market.

Of the total, $54.47 million came from liquidated long positions and $860,000 from shorts. Binance accounted for $39.97 million, Bybit for $6.71 million and OKX for $8.65 million. The combined exchange data recorded 9,192 liquidations.

Ether (ETH) had the largest asset total at $14.32 million, followed by Bitcoin (BTC) at $9.98 million and Zcash (ZEC) at $4.85 million. The asset and exchange figures are separate breakdowns of the same one-hour total.