Bitcoin Long Liquidations Hit $12.55 Million in One Hour

Bitcoin (BTC) saw $12.55 million in long positions liquidated during the hour ending at 1:55 a.m. ET (05:55 UTC) on Oct. 23, as its price fell 0.71%. The figures capture liquidation activity across three exchanges during that one-hour interval. Liquidations across Binance, Bybit and OKX totaled $12.58 million during the period. Long positions accounted for $12.55 million, while short positions accounted for $30,000. The three-exchange figure is not a marketwide total. BTC's price moved from $81,678 at the beginning of the hour to $81,098 at the end.