Crypto Liquidations Reach $35.8 Million as Shorts Take 52%

Crypto exchanges recorded $35.8 million in forced liquidations in the 24 hours through 8 p.m. ET Oct. 31, with short positions accounting for 52% of losses across 23,960 orders. Shorts accounted for $18.6 million, compared with $17.2 million for longs. A liquidation is an exchange’s forced closure of a leveraged position when it no longer meets margin requirements. Binance had the largest exchange total at $26.5 million, followed by OKX at $6.2 million and Bybit at $3.2 million. An earlier 24-hour liquidation update also showed shorts leading losses.