Oct 16 was a far calmer day for leveraged traders. Our streams recorded $244.2M in forced closures across 11 venues and 880 symbols, 61.9% below the $640.8M of Oct 15 and under the 7 day average of $297.1M.
Bets on higher prices still took most of it, $158.6M or 65%, against $85.6M from shorts, over 67,581 liquidations. These are recorded totals from public venue streams, so they are a floor for the market.
$ETH led with $59.6M, split close to evenly at $31.1M long and $28.5M short, and the largest single closure was a $7.43M Ether position on Binance. $BTC followed with $52.0M.
Bets on higher prices still took most of it, $158.6M or 65%, against $85.6M from shorts, over 67,581 liquidations. These are recorded totals from public venue streams, so they are a floor for the market.
$ETH led with $59.6M, split close to evenly at $31.1M long and $28.5M short, and the largest single closure was a $7.43M Ether position on Binance. $BTC followed with $52.0M.