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Long Positions Make Up $106.52 Million in Crypto Closures

The one-hour tally reached $113.87 million across Binance, Bybit and OKX and included 15,574 liquidation events.

Updated 1 min read
A trader checks a cryptocurrency app on a smartphone in a Seoul cafe. / EconoTimes.ai
A trader checks a cryptocurrency app on a smartphone in a Seoul cafe. / EconoTimes.ai

Public records from Binance, Bybit and OKX show $113.87 million in crypto positions forcibly closed during the one-hour period through 8:20 a.m. ET (12:20 UTC) Oct. 24, with long positions making up most of the total.

The long side accounted for $106.52 million, about 94% of the aggregate. The snapshot counted 15,574 liquidation events. Binance recorded $79.42 million. Bybit had $15.55 million, and OKX had $18.90 million.

Reported asset amounts were $32.67 million for Bitcoin (BTC), $23.72 million for Ether (ETH) and $6.12 million for Solana (SOL). These figures are components of the exchange tally, not additional liquidations beyond it.

The data covers the three named venues and does not represent the entire crypto market. Exchanges can close a leveraged position when its margin falls short of the required level. The tally shows the value associated with those closures, but does not establish each trader’s final loss.

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