Over the past 24 hours, global liquidations totaled $679 million, with long positions accounting for the majority.

according to CoinGlass data on November 05, a total of 130,290 traders were liquidated across the network in the past 24 hours, with a total liquidation amount reaching $679 million. Among them, long positions accounted for $526 million in liquidations, representing 77.5%; short positions accounted for $153 million in liquidations, representing 22.5%.

By coin, Bitcoin (BTC) had liquidations of approximately $208 million, with long positions accounting for 62.1%; Ethereum (ETH) had liquidations of approximately $91.2518 million, with long positions accounting for 74.9%; Other (altcoins) had liquidations of approximately $93.7864 million, with long positions accounting for 85.4%.

The largest single liquidation in the past 24 hours occurred on the BTC-USDT-SWAP trading pair on OKX, valued at approximately $5.6558 million. Binance accounted for 47.2% of the total network liquidations.