Crypto Market 24-Hour Long Liquidations Reach $1.04 Billion

TechFlow reported on November 9, citing The Block, that CoinGlass data showed total liquidations in the crypto market over the past 24 hours exceeded $1.15 billion, including $1.04 billion in long liquidations and $117 million in short liquidations, with approximately 168,000 traders liquidated.

Liquidations in Ethereum-related positions exceeded $500 million, while Bitcoin liquidations were approximately $309 million. The largest single liquidation was a $48.2 million ETH-USDT long position on Binance. The report noted that liquidation data from some exchanges was incompletely reported, so the actual total may be higher.

Source: TechFlow