November 13, 20262 min read0 views

Longs Account for 88% of $285.6 Million in Crypto Liquidations

Leveraged traders had $285.6 million in positions forcibly closed across 55,735 orders through 7:05 p.m. ET Nov. 12 (00:05 UTC Nov. 13), as long positions made up about 88% of the total.

Long positions accounted for $250.8 million in liquidations, while short positions accounted for $34.9 million. A liquidation occurs when an exchange forcibly closes a leveraged position.

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Leveraged traders had $285.6 million in positions forcibly closed across 55,735 orders through 7:05 p.m. ET Nov. 12 (00:05 UTC Nov. 13), as long positions made up about 88% of the total.

Long positions accounted for $250.8 million in liquidations, while short positions accounted for $34.9 million. A liquidation occurs when an exchange forcibly closes a leveraged position.

Bitcoin (BTC) led the listed assets at $119.6 million, including $113.6 million from long positions and $6 million from shorts. Ether (ETH) followed at $54 million, with $46.4 million in long liquidations and $7.6 million in short liquidations.

Solana (SOL) recorded $10.5 million in liquidations, Zcash (ZEC) $8.7 million, XAU $8.6 million and XRP $8.2 million. Long liquidations exceeded short liquidations for each; XAU’s tally included $8.6 million in longs and $47,861 in shorts.

Binance accounted for $184.5 million of the total, followed by OKX at $51.8 million and Bybit at $49.3 million. The largest individual liquidation was a $9.4 million BTC long position on OKX at 9:20 a.m. ET (14:20 UTC) Nov. 12.

An earlier 24-hour liquidation tally totaled $70.71 million.