A crypto futures snapshot showed long liquidations made up about 96% of $744.62 million in positions liquidated over one hour, with the reported total rounded to $745 million.
Of that amount, $715 million was on the long side and $29.62 million on the short side. The two figures sum to $744.62 million, consistent with the rounded total. Long positions are built to benefit from price increases, while short positions are designed to benefit from price declines.
The largest individual close was a $48.16 million position in Binance’s Ether (ETH)/Tether (USDT) pair. Bitcoin (BTC) liquidations totaled $229 million, below Ether’s $343 million. A separate 24-hour measure recorded about 137,000 traders liquidated, covering a different window from the one-hour dollar tally.
EconoTimes previously reported an earlier $745.9 million tally across Binance, OKX and Bybit, which covered 24 hours rather than one. In leveraged futures, an exchange closes a position when available collateral is insufficient under its margin rules.
