Crypto Market Records $1.04 Billion in Long Liquidations in 24 Hours

on November 9, according to The Block, data from CoinGlass shows that total liquidations across the crypto market exceeded $1.15 billion in the past 24 hours, with $1.04 billion in long positions and $117 million in short positions liquidated, affecting approximately 168,000 traders.

Liquidations for Ethereum-related positions exceeded $500 million, while Bitcoin accounted for approximately $309 million. The single largest liquidation was an ETH-USDT long position worth $48.2 million on Binance. The report noted that liquidation data reported by some exchanges is incomplete, so the actual total may be higher.