Ethereum

Today's Crypto

Long

when

Today's <a href="https://www.coinglass.com/LiquidationData" target="_blank" rel="noreferrer noopener nofollow">Crypto Market crash led to $277,480,000</a> in liquidation. Liquidation refers to the forced closing of positions. Long liquidations happen when <a href="https://coinpedia.org/news/why-bitcoin-price-is-down-today-high-impact-events-spark-market-uncertainty/" target="_blank" rel="noreferrer noopener">BTC prices fall sharply</a>, forcing traders betting on a price increase to sell.   
The Bitcoin market has seen the highest liquidation of $88.40M in the last 24 hours, with long liquidations totaling $79.05M, and short liquidations of $9.35M.   
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Short liquidations occur when BTC prices rise, forcing traders betting on a price drop to close their positions. The price of Bitcoin was around $72,716.02 on October 29. Since then, it has slipped by 4.7%. In the last 24 hours alone, the BTC price has declined by 3.8%.   
The Ethereum market has witnessed the second-highest liquidation of $44.96M in the last 24 hours, with long liquidations at $40.74M, and short liquidations at $4.22M. The price of Ethereum was $2,658.99 on October 30. Since then, it has fallen by 6.14%. In the last 24 hours alone, the <a href="https://coinpedia.org/price-prediction/market-price-prediction-ethereum-2019/" target="_blank" rel="noreferrer noopener">Ethereum price</a> has declined by at least 4.9%.&nbsp;   
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<h2 class="wp-block-heading" id="h-other-top-cryptos-amp-liquidation-nbsp">Other Top Cryptos &amp; Liquidation&nbsp;</h2>   
The Solana market has experienced liquidations totaling $15.16M in the last 24-hours, with long liquidations at $14.38M and short liquidations at $787.42K. The price of Solana has dropped by 4.6% in the last 24-hours.&nbsp;   
The DOGE market has recorded a liquidation of $12.80M in the last 24-hours, with long liquidations at $9.90M, and short liquidations at $2.90M. The price of Dogecoin has registered a drop of 7.6% during the same period.&nbsp;   
The total market cap of the cryptocurrency sector has <a href="https://coinpedia.org/price-analysis/crypto-market-crash-bitcoin-drops-to-69k-will-btc-reverse-to-73-8k-or-65-4k/" target="_blank" rel="noreferrer noopener">registered a drop of 5.4% in the last 24 hours</a>. The total liquidation reported in the crypto market for the last 24 hours is $279.31M, with long liquidations at $248.73M and short liquidations at $ 30.57 M.&nbsp;   
The sharp liquidations across top cryptos indicate a significant decline in value, affecting both long and short positions, which highlights volatility in the crypto market.&nbsp;   [post_titles_links postid="374946"]   
<h2 class="wp-block-heading" id="h-exchange-wise-liquidation-overview-nbsp">Exchange-wise Liquidation Overview&nbsp;</h2>   
The <a href="https://coinpedia.org/exchange/binance-review/" target="_blank" rel="noreferrer noopener">Binance exchange</a> has registered the highest liquidation of $119.00M, with short liquidation at $105.27M and short liquidations at $13.72M.   
The Bybit exchange has recorded the second-highest liquidation of $63.97M, with long liquidations at $57.56M and short liquidations at $6.41M. The <a href="https://coinpedia.org/exchange/okx-exchange/" target="_blank" rel="noreferrer noopener">OKX exchange</a> has seen a liquidation of $59.59M, with long liquidations at $51.57M and short liquidations at $8.01M.   
The HTX exchange has recorded $25.82M in liquidations, with long liquidations at $24.12M and short liquidations at $1.70M. Lastly, the CoinEx exchange has registered $7.37M in liquidations, with long liquidations at $6.69M and short liquidations at $68.78K.   
Binance's leading in liquidation figures show that traders on this exchange are significantly affected, reflecting either high leverage usage or increased risk exposure.&nbsp;   
Stay tuned to Coinpedia for more updates on the crypto market liquidation scenario!&nbsp;

Crypto Liquidation Hits $277M: Bitcoin and Ethereum Lead the Losses

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