Digital Currency
Add as a preferred source on GoogleThe 24-hour window ended at 7:02 p.m. ET Saturday (00:02 UTC Sunday) and covered Binance, Bybit and OKX.
Binance closed an Ether long valued at $16.2 million at 3:54 p.m. ET Saturday, Nov. 14, the largest individual position shut in a 24-hour period spanning three exchanges.
The window ended at 7:02 p.m. ET Saturday (00:02 UTC Sunday) and covered Binance, Bybit and OKX.
Long positions generally benefit when an asset's price rises. Liquidation can force a leveraged trade to close when collateral no longer meets the required margin, a process EconoTimes has previously explained.
The three-exchange tally reached $105.9 million in the hour ending at 4:37 p.m. ET Saturday, including $1.47 million in short liquidations.
Long liquidations made up $12.98 million of the $13 million total recorded across Binance, Bybit and OKX in the hour ending at 3:57 p.m. ET.
The two-day purchase was valued at $20.77 million; earlier records list an 8,000-ETH OKX deposit at $2,397.41 per Ether but do not establish a sale.
