Long positions made up nearly all liquidations recorded across three exchanges during an hour when Ether (ETH) fell $35 on Binance, according to spot quotes.
Binance’s ETH/USDT spot quote was $2,038 at 6:15 p.m. ET (23:15 UTC) Nov. 11, following a $2,073 reading an hour earlier. The $35 gap equaled a 1.69% fall over that hour, while the 0.55% loss covered the separate 24-hour period ending then.
As of 23:33 UTC, Ether was $2,046.78, down 0.03% over 24 hours.
Positions closed through forced liquidations on Binance, Bybit and OKX added to $12.48 million over the hour. The long side accounted for $12.39 million, leaving $90,000 in shorts. The price comparison is based on Binance spot ETH/USDT, whereas the liquidation count combines all three exchanges.
EconoTimes previously reported a separate one-hour Ether decline with $5.56 million in long liquidations.
