Long positions accounted for $271 million of a roughly $298 million crypto liquidation tally over 12 hours, far exceeding the $27.04 million recorded for short positions. The long side represented about 91% of the total.
The 12-hour snapshot ran through 7:23 p.m. ET Monday, Nov. 2 (00:23 UTC Tuesday, Nov. 3). A reading dated Oct. 22 showed $112 million in long liquidations and $101 million in short liquidations, a much closer split.
The snapshot put Bitcoin (BTC) positions at $67.80 million and Ether (ETH) positions at $40.35 million, or $108.15 million combined.
Exchanges force-close leveraged trades after a position’s margin drops below the required level. Rising prices tend to favor long positions, while falling prices tend to favor short positions.
An earlier EconoTimes tally put liquidations across Binance, OKX and Bybit at $572.6 million through 8 p.m. ET Oct. 30, with long positions accounting for 82%.
