$629M Liquidated Across Crypto Market in Past Hour, $607M in Longs

October 30: CoinGlass data shows that after reports emerged of a suspected hack of Binance's hot wallet, the crypto market fell sharply in a short period. In the past hour, $629 million was liquidated across the market in futures contracts, including $607 million in long positions and $21.7388 million in short positions. BTC liquidations totaled $190 million, ETH $157 million and SOL $46.8101 million. Over the past 24 hours, total liquidations across the market reached $953 million, with the largest single liquidation occurring on Binance-BTCUSDT at $11.0867 million.