Public data from Binance, Bybit and OKX showed $39.26 million in crypto liquidations in an hour ending early Friday, with long positions making up $36.62 million, or 93% of the total.
The period ended at 12:41 a.m. ET Friday (05:41 UTC) and included 3,701 liquidation events. Short positions made up the remaining $2.64 million, leaving the reported amount for long liquidations nearly 14 times the value for shorts.
Binance had the largest venue total at $27.26 million. Bybit recorded $6.17 million and OKX $5.83 million, bringing the three-exchange total to $39.26 million.
Bitcoin (BTC) accounted for $26.31 million in the asset tally. Ether (ETH) contributed $5.87 million, and Zcash (ZEC) $2.15 million.
A liquidation is a forced closure of a leveraged position after its margin falls below an exchange's required level. Long positions generally benefit from rising prices, while short positions benefit from declines. The figures cover only the three named exchanges and do not represent a marketwide total.
