Crypto Selloff Wipes Out $954 Million in Long Positions as Bitcoin Falls Below $76,000
Bitcoin fell 5.8% in 24 hours to below $76,000 on November 5, triggering a broad market selloff that liquidated $954.38 million in leveraged long positions and brought total 24-hour liquidations to $1.08 billion.
The scale of the long liquidations reflects how heavily traders were positioned for a rally before the move. With more than $1 billion in total positions forcibly closed, the event ranks among the largest single-day liquidation events of recent months.
#BTC #BTC☀ #BTC走势分析 #market #bitcoin $BTC $WBTC
Bitcoin fell 5.8% in 24 hours to below $76,000 on November 5, triggering a broad market selloff that liquidated $954.38 million in leveraged long positions and brought total 24-hour liquidations to $1.08 billion.
The scale of the long liquidations reflects how heavily traders were positioned for a rally before the move. With more than $1 billion in total positions forcibly closed, the event ranks among the largest single-day liquidation events of recent months.
#BTC #BTC☀ #BTC走势分析 #market #bitcoin $BTC $WBTC
