In the hour up to 06:21 Beijing time on November 9, total crypto futures liquidations across all platforms reached $745 million: $715 million in long positions and just $29.62 million in shorts.
$ETH saw $343 million in liquidations, while $BTC saw $229 million. The largest single liquidation was on Binance ETH/USDT, at $48.16 million. BTC briefly fell to $73,500, and ETH was down 4.52% over 24 hours.
With long positions this heavily concentrated, one sharp drop can trigger a string of liquidations.
#爆仓 #比特币 #Ethereum
$ETH saw $343 million in liquidations, while $BTC saw $229 million. The largest single liquidation was on Binance ETH/USDT, at $48.16 million. BTC briefly fell to $73,500, and ETH was down 4.52% over 24 hours.
With long positions this heavily concentrated, one sharp drop can trigger a string of liquidations.
#爆仓 #比特币 #Ethereum