Crypto Liquidations Total $121.4 Million, With Longs at 60%

Crypto liquidations on Binance, OKX and Bybit totaled $121.4 million in the 24 hours through 8:04 p.m. ET Monday, with long positions accounting for 60%. Across 42,451 orders, long liquidations reached $72.8 million and short liquidations totaled $48.7 million. A liquidation is the forced closing of a leveraged position. Binance led the exchange breakdown with $79.6 million in liquidations. OKX recorded $29.2 million, while Bybit had $12.6 million. Among the listed coin totals, Bitcoin (BTC) ranked first at $35.5 million, including $20.5 million in long liquidations and $15 million in shorts.