Crypto Liquidations Reach $31.59 Million in One Hour, 77% by Value

Crypto liquidations totaled $31.59 million across Binance, Bybit and OKX in the hour ending at 10:40 p.m. ET Oct. 21 (02:40 UTC Oct. 22), with short positions accounting for 77% of liquidation value. The one-hour total included 4,956 liquidations. Short positions accounted for $24.42 million, while long positions totaled $7.17 million, putting short liquidations at about 3.4 times the long total. Binance accounted for $22.68 million, the largest exchange total. OKX recorded $5.41 million and Bybit $3.5 million. Across assets, Ether (ETH) had $16.27 million in liquidations, ahead of Bitcoin (BTC) at $5.1 million and Zcash (ZEC) at $3.41 million.