Liquidation data from Binance, Bybit and OKX showed $32.27 million in positions forcibly closed over one hour Thursday, Nov. 12, with long positions accounting for 98% of the value.
The window ran from 8:41 to 9:41 p.m. ET (01:41-02:41 UTC Friday) and counted 3,014 events. Long positions represented $31.74 million of the total, while short positions accounted for $530,000.
Binance recorded $19 million in liquidations. Bybit followed at $7.94 million, and OKX at $5.32 million.
Bitcoin (BTC) accounted for $24.6 million, Ether (ETH) for $3.16 million and Solana (SOL) for $1.69 million. The figures cover those three exchanges alone, not the full crypto market.
Long positions are structured to benefit from price increases; short positions benefit from declines. The 98% figure describes the share of liquidation value tied to longs during this hour.
A separate one-hour count on Nov. 3 also put long positions at 98%, with a total of $97.21 million, in an earlier EconoTimes report.
