Friday, Nov 6, was far calmer for leveraged traders than the day before. Our streams across 11 venues recorded $178.6M of positions closed by force, a -80.4% change from the $913.5M on Nov 5 and well under the $406.2M seven day average.
The pain still landed mostly on buyers. Longs lost $111.0M, 62.1% of the day, and shorts $67.7M, across 68,912 events. $BTC led with $30.7M of longs and $12.6M of shorts closed, and $ETH followed at $31.7M. The biggest single hit was $780K ETH on Binance.
These totals come from public exchange streams, so the true figure is at least this large.
The pain still landed mostly on buyers. Longs lost $111.0M, 62.1% of the day, and shorts $67.7M, across 68,912 events. $BTC led with $30.7M of longs and $12.6M of shorts closed, and $ETH followed at $31.7M. The biggest single hit was $780K ETH on Binance.
These totals come from public exchange streams, so the true figure is at least this large.
