Coinfuty-tracked markets see about $580 million in 4-hour liquidations as ETH and SOL decline

According to 深潮 TechFlow on November 11, as reported by The Defiant, the crypto downturn widened. Coinfuty-tracked futures markets recorded about $580 million in liquidations in the 4 hours through 01:18 Beijing time, covering contracts linked to cryptocurrencies, stocks, and commodities.

Coinbase spot market data showed that during the period described in the report, ETH, SOL, and XRP fell to lows of $2003.24, $81.27, and $1.0302, respectively, while BTC subsequently dropped to $72643.48.

Coinfuty data also showed that as of the same time, tracked markets recorded about $685 million in 24-hour liquidations, including about $565 million from longs and about $121 million from shorts. The liquidation amount represents the notional value of positions forcibly closed, not traders' cash losses.

Source: 深潮 TechFlow