Crypto Liquidations Reach $135 Million in One Hour, Mostly Short Positions

Crypto markets recorded $135 million in forced liquidations during the hour ending 9:53 a.m. ET (14:53 UTC) Wednesday, with short positions accounting for nearly 90% of the total. Short liquidations totaled about $121 million, or 89.6% of the hour's figure. Long liquidations came to $13.4881 million, bringing the combined amount to roughly $135 million. Across the 24 hours through the same update, liquidations reached $576 million, and 102,157 traders had positions liquidated. The one-hour period fell within that rolling 24-hour window. The largest single liquidation was in Binance's ETHUSDT market, valued at about $5.0328 million.