Positions betting on rising prices made up most of a $140 million 24-hour liquidation tally across Binance, Bybit and OKX, contrasting with a prior four-hour reading led by short closures.
Of the combined tally, $93.9 million came from the long side and $46.1 million from the short side. Binance, Bybit and OKX were included in the 24-hour count.
An Oct. 20 EconoTimes reading over four hours showed a different balance: short liquidations were $140 million and long liquidations $15.11 million. The time windows differ, so the comparison is between which side dominated each tally, not their overall size.
Bitcoin (BTC) had risen 0.31% to $75,909 by 12:01 a.m. ET on Nov. 7. The total value of the crypto market was $2.57 trillion, matching the Nov. 6 reading, while trading volume over the latest 24 hours reached $65.87 billion.
Ether (ETH) gained 0.66% to $2,245. Solana (SOL), Dogecoin (DOGE) and BNB (BNB) also advanced, while XRP (XRP) fell 3.79% to $1.16. Five of the six major assets in the snapshot rose.
An exchange can close a leveraged trade when its margin no longer meets the required level. The reported amounts measure the value of positions closed; they do not show traders’ final losses.
