Long Positions Drive $745.9 Million in 24-Hour Crypto Liquidations

Traders on Binance, OKX and Bybit had $745.9 million in crypto positions forcibly closed over the 24 hours through 7:01 p.m. ET Nov. 5 (00:01 UTC Nov. 6), with long positions making up about 90% of the total. Of 118,576 liquidation orders, $671.0 million involved long positions and $74.8 million involved shorts. A liquidation occurs when an exchange forcibly closes a trader’s position. Binance had the largest exchange total at $545.1 million. OKX followed with $133.0 million, and Bybit recorded $67.8 million.