24H Crypto Liquidations Top $1B as Bitcoin Hits 11-Week Low
Nov 7 (UTC): Over $1.05B in leveraged crypto positions were liquidated in 24h (CoinGlass), mostly longs (~$930M). About 199,000 traders were affected. $BTC accounted for ~$267M, $ETH ~$167M. The largest single liquidation was a $10.94M ETHUSDT position on Binance.
$BTC briefly fell below $75,000, an 11-week low, while $ETH dropped to $2,237, a 10-week low. The flush followed a broader tech selloff and ~$430M in spot $BTC ETF outflows. $BTC has since steadied near $75,760 (Nov 8, 03:00 UTC).
Not investment advice.
#Bitcoin #Liquidations #Crypto
Nov 7 (UTC): Over $1.05B in leveraged crypto positions were liquidated in 24h (CoinGlass), mostly longs (~$930M). About 199,000 traders were affected. $BTC accounted for ~$267M, $ETH ~$167M. The largest single liquidation was a $10.94M ETHUSDT position on Binance.
$BTC briefly fell below $75,000, an 11-week low, while $ETH dropped to $2,237, a 10-week low. The flush followed a broader tech selloff and ~$430M in spot $BTC ETF outflows. $BTC has since steadied near $75,760 (Nov 8, 03:00 UTC).
Not investment advice.
#Bitcoin #Liquidations #Crypto
