Long traders faced the larger share of forced exits in a crypto futures tally that counted $69.15 million across 24 hours in the broader market. Ether (ETH) accounted for $6.90 million and Bitcoin (BTC) for $6.56 million.
The largest individual liquidation order was valued at $439,500 on HYPERLIQUID-ZEC-USD. Long positions are designed to benefit from rising prices, while short positions benefit when prices fall, so the tally's balance places the greater share of forced closures among traders positioned for gains.
When a trader's collateral falls short of an exchange's required margin, the exchange can close the leveraged position. The Nov. 6 EconoTimes tally was larger: long positions accounted for $572 million of the $709 million total in 24-hour liquidations. The figures cover separate market-wide periods.
