Digital Currency

Add as a preferred source on Google

Crypto Liquidations Reach $117.9 Million as Long-Short Gap Stands at $900,000

Binance led reported exchange totals at $80.5 million, while Bitcoin had the highest asset figure at $34.5 million.

Updated 1 min read
A data graphic compares nearly equal long and short liquidations across global cryptocurrency markets. / EconoTimes.ai (mono)
A data graphic compares nearly equal long and short liquidations across global cryptocurrency markets. / EconoTimes.ai (mono)

For the 24-hour period ending at 7:01 p.m. ET Nov. 3, long and short liquidations were $900,000 apart, with their combined reported value at $117.9 million.

Of the total, long-side closures were valued at $59.4 million and short-side closures at $58.5 million. Those figures came from 32,070 orders. Reported exchange totals put Binance at $80.5 million, ahead of OKX at $25.3 million and Bybit at $12.2 million.

Bitcoin (BTC) led the asset breakdown at $34.5 million, including $13.8 million from short positions and $20.7 million from longs. Short-side closures accounted for $19.4 million of Ether (ETH)'s $29.1 million total, while longs contributed $9.7 million. The remaining named assets posted figures of $6.9 million for Zcash (ZEC), $3.7 million for Solana (SOL) and $3.3 million for XRP.

At 10:01 p.m. ET Nov. 2, a long Bitcoin position worth $8.8 million was Binance's largest individual liquidation in the period. Liquidation values show the value of positions closed, not traders' confirmed realized losses, as EconoTimes has explained.

Related articles

View all