💥 Market carnage: $1.03 billion in liquidations — long positions paid the bill
$BTC Breaking down the drop: liquidations over 24 hours totaled $1.03 billion, affecting more than 203,000 traders, according to CoinGlass.
• Long positions: 88% of liquidations — about $925 million in buyers forced to sell
• Bitcoin: about $256 million in liquidations; Ethereum: about $164 million; Solana: $38 million
• Largest single liquidation: a $10.94 million Ethereum long position on Binance
• Binance accounted for 44% of liquidation value — the largest share among exchanges
📊 The number that changed the story: one trader lost 201 Bitcoin — about $15.6 million — in 8 consecutive liquidations over a few minutes. Leverage shows no mercy on a day like this.
Bottom line: the market ruthlessly flushed out leverage, and funding has returned to neutral — meaning the biggest risk now isn’t another liquidation, but a lack of buyers.
Quick question: did you get liquidated in the drop, or are you still holding? Write “liquidated” or “holding.”
Source: CoinGlass, Lookonchain — November 6, 2026
#Bitcoin #Crypto
$BTC Breaking down the drop: liquidations over 24 hours totaled $1.03 billion, affecting more than 203,000 traders, according to CoinGlass.
• Long positions: 88% of liquidations — about $925 million in buyers forced to sell
• Bitcoin: about $256 million in liquidations; Ethereum: about $164 million; Solana: $38 million
• Largest single liquidation: a $10.94 million Ethereum long position on Binance
• Binance accounted for 44% of liquidation value — the largest share among exchanges
📊 The number that changed the story: one trader lost 201 Bitcoin — about $15.6 million — in 8 consecutive liquidations over a few minutes. Leverage shows no mercy on a day like this.
Bottom line: the market ruthlessly flushed out leverage, and funding has returned to neutral — meaning the biggest risk now isn’t another liquidation, but a lack of buyers.
Quick question: did you get liquidated in the drop, or are you still holding? Write “liquidated” or “holding.”
Source: CoinGlass, Lookonchain — November 6, 2026
#Bitcoin #Crypto
