Long positions accounted for most of the $745.9 million in crypto positions closed across Binance, OKX and Bybit, while Binance had the largest share of the three-exchange total.
The tally's 24-hour window ended at 7:01 p.m. ET Nov. 5; that was 00:01 UTC Nov. 6. OKX recorded $133.0 million in liquidations and Bybit $67.8 million.
Across 118,576 liquidation orders, long positions were valued at $671.0 million and shorts at $74.8 million. The two side totals add to $745.8 million, $0.1 million below the reported overall figure; the difference may reflect rounding. Long positions generally benefit from rising prices, while short positions generally benefit from falling prices.
Bitcoin (BTC) led the listed assets with $213.2 million in liquidations, followed by Ether (ETH) at $147.7 million and Solana (SOL) at $39.3 million. The tally's top event came at 9:41 a.m. ET Nov. 5 (14:41 UTC), when OKX forcibly closed a Bitcoin long worth $11.8 million.
Liquidation values measure positions closed by an exchange, not traders' verified final losses. EconoTimes' explainer describes how a margin shortfall can trigger a forced closure.
Spot prices as of 00:13 UTC Friday were $76,106.00 for BTC, down 5.59% over 24 hours; $2,238.07 for ETH, down 7.71%; and $89.54 for SOL, down 6.28%.
