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Long Positions Account for 91% of $108 Million in Crypto Liquidations

The count included 10,044 position closures across Binance, Bybit and OKX; Bitcoin recorded the largest asset figure at $69.02 million.

Updated 1 min read
A commuter checks a smartphone near Wall Street in Manhattan, New York. / TokenPost.ai
A commuter checks a smartphone near Wall Street in Manhattan, New York. / TokenPost.ai

Forced closures on the long side totaled $98.06 million, nearly ten times the $10.09 million recorded for shorts in the hour through 10:10 a.m. ET (15:10 UTC) Thursday.

The tally included 10,044 liquidations. Long positions accounted for $98.06 million, while short positions totaled $10.09 million.

Binance had the largest venue figure at $65.13 million. OKX recorded $22.52 million, and Bybit logged $20.50 million. Bitcoin (BTC) accounted for $69.02 million among the assets; Ether (ETH) came to $15.79 million.

The count covers only the three exchanges, rather than the full crypto market. It closed at 10:10 a.m. ET (15:10 UTC) Thursday after beginning at 9:10 a.m. ET (14:10 UTC).

That distribution differed from an earlier post-election liquidation tally published by EconoTimes, when shorts made up $375 million of a $461 million total after U.S. midterm results.

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