Bitcoin’s latest sell-off has triggered another major wave of forced liquidations.
In a November 13 morning snapshot reported by The Block, roughly $1.47 billion in crypto positions had been liquidated over 24 hours, including $1.31 billion in longs.
That means nearly 90% of the liquidated positions were betting on higher prices.
For $BTC traders, the important detail isn’t just the size of the decline. It’s how quickly leveraged positions were forced out as Bitcoin broke below $70,000 earlier in the session.
Liquidations can accelerate selling, but they don’t automatically signal that a bottom is forming.
The next thing to watch is whether spot buyers absorb the selling pressure while futures open interest stabilizes.
If leverage continues rebuilding without stronger spot demand, volatility could remain elevated.
Will this flush reset positioning, or is more deleveraging still ahead?
In a November 13 morning snapshot reported by The Block, roughly $1.47 billion in crypto positions had been liquidated over 24 hours, including $1.31 billion in longs.
That means nearly 90% of the liquidated positions were betting on higher prices.
For $BTC traders, the important detail isn’t just the size of the decline. It’s how quickly leveraged positions were forced out as Bitcoin broke below $70,000 earlier in the session.
Liquidations can accelerate selling, but they don’t automatically signal that a bottom is forming.
The next thing to watch is whether spot buyers absorb the selling pressure while futures open interest stabilizes.
If leverage continues rebuilding without stronger spot demand, volatility could remain elevated.
Will this flush reset positioning, or is more deleveraging still ahead?