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Ether short sellers just took the hit. Across the major venues, $13.1M of leveraged bets on a lower $ETH price were liquidated in the last 30 minutes. Exchanges shut those positions by force once losses ate through the collateral behind them.
The long side barely registered by comparison, with $911.9K of positions closed over the same half hour.
These figures come from the raw liquidation streams of the major venues.
GM Trade carries the biggest slice of leveraged bets on Solana's perpetual venues on Nov 8, with $87.8M held open, or 41.6% of the $211.1M across six venues and 290 markets.
Pacifica follows at $54.7M (25.9%), then Jupiter Perps at $43.9M (20.8%) and Phoenix at $20.3M (9.6%). Bullet ($4.2M) and Velocity ($177K) trail far behind.
The largest single book is $SOL on Jupiter Perps at $29.5M, where traders pay an hourly borrow fee of +0.0015% to keep their leverage open. Trading across all six venues came to $500.3M over 24 hours.
Ether is the one market on Jupiter Perps where bets on a fall outweigh bets on a rise. $ETH shorts total $4.4M against $2.8M in longs, with the price down 5.14% over 24 hours at $2.1K.
Across the venue the balance runs the other way. Longs hold $62.0M against $25.0M in shorts, 71.3% of open bets, with $SOL carrying $41.2M of the long side and $BTC $18.0M.
The tightest spot is short capacity. Shorts on $SOL use 74.5% of what the pool sets aside for them, against 11% on the long side. The JLP pool, the liquidity traders borrow from, holds $765.4M and pays 10.78% a year.
Bitcoin just dropped 2.89% in roughly the last hour to $73,704, leaving it 2.58% lower over 24 hours.
The move hit one side almost entirely. In the last 60 minutes our streams recorded $90.8M of leveraged long positions forced shut, against $1.8M on the short side. Those are recorded figures from our collectors, a floor rather than the whole market.
Funding, the fee long holders pay shorts to keep positions open, was +0.004% per interval, close to flat.
ETH is down 4.6% in the last hour at 2,128. 176.4M longs vs 2.1M shorts were liquidated and funding at +0.002% per interval shows longs were the crowded side getting flushed.
Ether longs took the worst of a sharp flush. In the last 60 minutes, $370.9M of leveraged positions were forced closed across 860 coins on the major venues, and 98% of it was traders betting on a rise. $364.7M of that hit in the last 30 minutes.
$ETH longs lost $176.4M against $2.1M on the short side. The two largest single liquidations were both Ether longs on Binance at 21:54 UTC, $17.6M near $2,158 and $12.2M near $2,162. Ether trades at $2,122, down 4.85% over 24 hours.
$BTC longs lost $90.8M. Bitcoin is at $73,895, down 2.36% on the day, after a session low of $73,333.
$2.1M of XRP longs were liquidated across major venues in the last 30 minutes, while shorts were barely touched. Historically, this kind of one sided long flush has often coincided with short term downside pressure, though that is not a prediction.
On $BTC , Jupiter · open interest shows the highest long share at 86% against HTX · elite accounts at 30%, a gap of 56 points. Bitget · accounts stands at 79% on accounts, while Hyperliquid · whales is at 35% on whale notional.
$JCT , not Bitcoin or Ether, carried the most liquidated dollars in the 24 hours to Nov 8, $17.5M of the $71.7M our collectors recorded. Leveraged longs lost $43.1M of that and shorts $28.6M, across 64,329 events.
Open perpetual futures bets across 27 venues came to $68.27B, up 0.66% on a day earlier, with 14.8% of it held on decentralized venues.
US spot BTC ETFs settled Nov 6 at -$411.9M net, ETH funds at -$93.2M. Hyperliquid's largest accounts by equity hold 41.1% of their open notional long. The biggest $BTC resting wall is a $36.3M ask at $75.8K, 0.05% above mid.
The share market was closed on Nov 8, so there was no live stock price to measure the tokens against and no premium or discount reading for the day. The tokens kept trading on chain anyway.
Volume on decentralized exchanges was $86.1M, -10.22% on the day. Supply valued at share prices stood at $4.03B, -0.01% since the last recorded day.
Binance bStocks is the largest issuer at $1.43B. Each of these tokens tracks one listed share held by a custodian.
DeFi and Quantum were the only theme baskets to finish green over the 24 hours to Nov 8, at +0.49% and 0.4%. The other six closed lower, with DePIN taking the biggest hit at -1.73%.
The month tells a different story. None of the eight kept pace with $BTC over 30 days, and Bitcoin itself returned -7.2%. Quantum came closest at -11%, 3.8 percentage points behind. AI trailed furthest at -21.1%, 13.9 points short, and DePIN at -20.4% and RWA at -20% were not far ahead of it.
Each theme is an equal weight basket of Binance spot pairs, so one coin cannot carry the whole group.
A sharp squeeze just hit traders betting against JCT. In the last 30 minutes, $2.2M of leveraged $JCT short positions were liquidated across the major venues, meaning exchanges closed them by force once losses ate through the collateral behind them.
The other side barely felt it. Leveraged longs, the traders positioned for a higher price, lost $41.7K over the same window.
The figures come from the raw liquidation streams of the major venues.
Ether, the second largest coin, holds 10.73% of crypto's total value. Bitcoin holds 60.01%, in a market worth $2.53T at 19:42 UTC on Nov 8.
That leaves everything outside $BTC and $ETH to share what remains. Every other token, from the large caps down to the smallest listings, competes for that slice.
One reading shows where the money sits, not which way it is moving. Any shift toward the rest of the market would have to appear in Bitcoin's share across several days, not in a single snapshot.
Bitcoin had buyers on both sides of the market this week, but they didn't carry equal weight. Over the seven days to Nov 8, 19:00 UTC, buyers paying the asking price on the US spot venue outweighed sellers by +$329M. On the global perp market, where traders use leverage, the net was a smaller +$76M.
The final 24 hours ran the other way round. Perp buyers came out ahead by +$55M, more than double the +$22M on the spot side.
So the week's base came from people buying the coin outright. The latest day's buying came mostly from leveraged positions.
Fear eased by 3 points over the 24 hours to 19:00 UTC on Nov 8. The Fear and Greed index, a single score for how nervous or bold traders feel, read 28, a reading still labelled fear.
The pool of dollars parked on crypto rails grew over the same day. Total stablecoin supply rose 0.21% to $293.40B.
Bitcoin's share of the whole crypto market stood at 60% at the same hour, so $BTC still carries most of the market's value.
A full week went by without moving the Altcoin Season Index, which held at 62 on Nov 8. That keeps the market in no clear season, short of the 75 mark where altseason begins and well above the 25 line for Bitcoin season.
The gap inside the sample is wide. $BTW leads with +485.6% over 90 days and $UAI trails at -71.5%, set against an 18.9% gain for $BTC over the same stretch.
In all, 31 of the 50 altcoins we track have beaten Bitcoin across those 90 days.
US buyers on Coinbase have priced $BTC below the global market for 64 days without a single break. For that entire run, the main American spot venue has quoted Bitcoin under the large offshore exchanges.
The latest daily gap is -0.150%, against a seven day average of -0.149%. The newest reading sits almost exactly on its weekly norm, so the discount is holding steady at its recent level.
The gap compares US spot pricing with prices on the rest of the market. It measures where demand is priced by venue, not which way Bitcoin moves next.
Solana carries the most lopsided crowd of the 30 coins we track. Across all accounts, 3.63 hold long bets for every one holding short, the furthest from an even split of any coin.
Bitcoin's crowd is not far behind at 3.04, near the top of its 14 day range of 1.37 to 3.19, even with price down 6.19% over that window to $75,769. Takers bought +794 BTC more than they sold over 24 hours.
The top traders by account count sit at 3.27, but weighted by position size they come in at 1.87, so the biggest books lean long far less than the head count.
95 of 400 crypto perps are oversold on the daily and 12 are overbought, with $FOGO the most oversold at RSI 19.2. Next are $HUMA at RSI 22.2 with 24h change -8.7% and $THE at RSI 23.3 with 24h change -6.5%. The heatmap shows the same contracts on eight intervals.