Short positions accounted for 97% of $49.13 million in liquidations across Binance, OKX and Bybit in one hour on Oct. 21, showing that the reported activity was concentrated on the short side.
The reported amounts are rounded to $10,000: short liquidations totaled $47.57 million and long liquidations $1.57 million. Those figures add to $49.14 million, $10,000 above the stated overall total. The tally counted 4,905 liquidation events. Short positions benefit when prices fall, while long positions benefit when prices rise.
By exchange, Binance had $25.44 million in liquidations, OKX $16.74 million and Bybit $6.95 million. The tally excludes activity on exchanges beyond those three venues.
Bitcoin (BTC) led by asset at $28.77 million. Ether (ETH) accounted for $8.92 million and Zcash (ZEC) $2.61 million; the three asset totals add up to $40.30 million.
A separate Oct. 21 tally reported $79.31 million in short liquidations during a different one-hour period.
