Short Positions Account for 59% of $229.9 Million in Crypto Liquidations

Short positions bore most of the $229.9 million in crypto liquidations over 24 hours, with Ether and Bitcoin leading the forced closures across Binance, OKX and Bybit. The tally covered 42,424 orders through 8:05 p.m. ET on Oct. 20 (00:05 UTC on Oct. 21). Shorts accounted for $134.8 million, or 59%, while longs accounted for $95.1 million. Ether (ETH) had $73.6 million in liquidations, the highest total among the listed assets. Bitcoin (BTC) followed at $68.6 million. Short positions made up $43.6 million of the Ether figure and $43.9 million of the Bitcoin figure.