Crypto Liquidations Soar to $119.18 Million in One Hour

Crypto liquidations on Binance, Bybit, and OKX reached a staggering $119.18 million in one hour, with long positions accounting for nearly all of the losses. The total liquidations, which occurred in the hour ending at 4:16 a.m. ET (08:16 UTC) on October 3, included 17,777 liquidation events. Long liquidations reached $118.08 million, compared to $1.10 million in short liquidations. Binance recorded $80.07 million in liquidations, followed by Bybit at $21.06 million and OKX at $18.05 million. In terms of assets, Ether (ETH) led with $22.57 million, while Bitcoin (BTC) had $15.60 million and ZEC had $13.35 million. These figures cover public liquidation data collected from the three exchanges and are not a market-wide total.