Crypto Contract Liquidations Total $379 Million in 24-Hour Snapshot

Crypto contract liquidations totaled $379 million in the 24-hour snapshot for Thursday, Oct. 29, with forced closures on both sides of the market and Bitcoin and Ether accounting for large shares. Long-position liquidations reached $208 million, compared with $171 million for short positions. The long-side total exceeded the short-side total by $37 million. Bitcoin (BTC) liquidations totaled $89.52 million, while Ether (ETH) liquidations reached $80.03 million. The largest single liquidation was valued at $6.5347 million on a Binance exchange ETHUSDT contract. The figures follow a previous 24-hour crypto liquidation snapshot published Oct. 23, when the total was about $315 million.