$277M in Crypto Liquidations: Bitcoin and Ethereum Take the Hit

Bitcoin Market Liquidation Overview

The Bitcoin market has experienced the highest liquidation, totaling $88.40 million in the last 24 hours. The breakdown includes:

• Long liquidations: $79.05 million
• Short liquidations: $9.35 million

On October 29, the price of Bitcoin was around $72,716.02. Since then, it has slipped by 4.7%, with a 3.8% decline occurring in the last 24 hours alone.

Ethereum Market Liquidation Overview

The Ethereum market has also witnessed significant liquidations, amounting to $44.96 million in the past 24 hours, consisting of:

• Long liquidations: $40.74 million
• Short liquidations: $4.22 million

On October 30, Ethereum was priced at $2,658.99, but it has since fallen by 6.14%, including a 4.9% decline in the last 24 hours.

Liquidations in Other Top Cryptos

Other cryptocurrencies have also experienced liquidations:

• Solana: Total liquidations of $15.16 million, with long liquidations at $14.38 million and short liquidations at $787.42K. The price has dropped by 4.6%.
• Dogecoin (DOGE): Liquidations totaled $12.80 million, with long liquidations at $9.90 million and short liquidations at $2.90 million. DOGE’s price has decreased by 7.6%.

Overall, the total market cap of the cryptocurrency sector has declined by 5.4% in the last 24 hours, with total liquidations reported at $279.31 million. This includes:

• Long liquidations: $248.73 million
• Short liquidations: $30.57 million

The sharp liquidations across top cryptocurrencies highlight a significant decline in value, impacting both long and short positions and emphasizing the volatility of the crypto market.

Exchange-wise Liquidation Overview

The liquidation figures vary significantly across exchanges:

• Binance: Highest liquidation at $119.00 million (short: $105.27 million; long: $13.72 million).
• Bybit: Second highest liquidation at $63.97 million (long: $57.56 million; short: $6.41 million).
• OKX: Liquidation total of $59.59 million (long: $51.57 million; short: $8.01 million).
• HTX: Total liquidations of $25.82 million (long: $24.12 million; short: $1.70 million).
• CoinEx: Registered liquidations of $7.37 million (long: $6.69 million; short: $68.78K).

Binance leading in liquidation figures indicates that traders on this exchange are significantly impacted, reflecting high leverage usage or increased risk exposure.