$BTC Heavy long liquidations in the futures market.
Continued withdrawals from US spot Bitcoin ETFs.
Increasing short positioning while BTC struggles to recover.
$207.07M
Total BTC liquidations · 24 hours
Longs: $176.17M 85%
Shorts: $30.90M 15%
live snapshot.
Where is liquidation liquidity concentrated?
Above BTC: approximately $1.08B estimated short liquidation liquidity.
Below BTC: approximately $826.1M estimated long liquidation liquidity.
US spot Bitcoin ETFs are showing substantial net withdrawals.
Latest preliminary ETF flow · November 10
−$95 million
Last 7 finalized sessions
−$2.126B
Last 30 sessions
−$2.081B
Largest November 10 fund movements
IBIT: −$78.2M
MSBT: +$20M
Source: ETF tracker; November 10 is preliminary, while rolling totals use finalized sessions.
This is a significant bearish warning because ETF outflows indicate weaker institutional demand. However, ETF redemptions alone do not prove that the market must continue falling.
4. Futures positioning and momentum
Indicator Current reading Interpretation
Open interest $51.97B Elevated leverage
72,700 → $72,488
If BTC loses $72,700 convincingly, the next liquidation targets become $72,488 and $72,300.
Scenario B — Relief rally
$74,122 → $74,997
If BTC reclaims $74,122 and holds it, a squeeze toward $75,000 becomes possible.
Scenario C — Bullish reversal
Above $75,300
Continued withdrawals from US spot Bitcoin ETFs.
Increasing short positioning while BTC struggles to recover.
$207.07M
Total BTC liquidations · 24 hours
Longs: $176.17M 85%
Shorts: $30.90M 15%
live snapshot.
Where is liquidation liquidity concentrated?
Above BTC: approximately $1.08B estimated short liquidation liquidity.
Below BTC: approximately $826.1M estimated long liquidation liquidity.
US spot Bitcoin ETFs are showing substantial net withdrawals.
Latest preliminary ETF flow · November 10
−$95 million
Last 7 finalized sessions
−$2.126B
Last 30 sessions
−$2.081B
Largest November 10 fund movements
IBIT: −$78.2M
MSBT: +$20M
Source: ETF tracker; November 10 is preliminary, while rolling totals use finalized sessions.
This is a significant bearish warning because ETF outflows indicate weaker institutional demand. However, ETF redemptions alone do not prove that the market must continue falling.
4. Futures positioning and momentum
Indicator Current reading Interpretation
Open interest $51.97B Elevated leverage
72,700 → $72,488
If BTC loses $72,700 convincingly, the next liquidation targets become $72,488 and $72,300.
Scenario B — Relief rally
$74,122 → $74,997
If BTC reclaims $74,122 and holds it, a squeeze toward $75,000 becomes possible.
Scenario C — Bullish reversal
Above $75,300
