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$105 million in crypto longs wiped out in one hour
Crypto traders betting on higher prices had a rough hour. Long positions worth $105 million were liquidated across the market in just one hour, with long positions chiefly responsible, contributing $97.56 million to the total. Btc and Eth alone accounted for $23.08 million and $11.92 million, respectively
What happened
A long position is a bet that an asset’s price will rise. When traders use borrowed money to make that bet bigger, they take on a liquidation risk
Here is how it works. A trader puts up collateral, called margin, and borrows against it to control a larger position
If the price moves the wrong way, that margin shrinks. Once it falls below a required threshold, the exchange closes the position automatically to cover the loan
For longs, the wrong way means down. So when longs get liquidated at this scale, it signals that prices moved against bullish traders in a hurry
Why liquidations tend to arrive in clusters
Liquidations rarely happen one at a time. They tend to cascade, and that is what makes them dangerous
When an exchange closes a long position, it typically sells the underlying exposure into the market. That selling adds downward pressure on price
Lower prices then push the next group of leveraged longs below their own thresholds. Their positions get closed too, which means more selling
Trader behavior makes this worse. Many traders set stop orders and liquidation levels at similar, obvious price points. When those orders are bunched tightly together, a single price swing can trip a large number of them almost simultaneously
Background: a familiar pattern in crypto derivatives
Nine-figure liquidation bursts are not new in crypto. Liquidations in the $100 million range have historically been common in crypto derivatives during periods of high volatility. Between November 12–13, 2026, long liquidations also approached the $100 million mark, contributing to total liquidation figures exceeding $250 million over 24-hour periods.#Write2Earn #BTC $BTC
$105 million in crypto longs wiped out in one hour
Crypto traders betting on higher prices had a rough hour. Long positions worth $105 million were liquidated across the market in just one hour, with long positions chiefly responsible, contributing $97.56 million to the total. Btc and Eth alone accounted for $23.08 million and $11.92 million, respectively
What happened
A long position is a bet that an asset’s price will rise. When traders use borrowed money to make that bet bigger, they take on a liquidation risk
Here is how it works. A trader puts up collateral, called margin, and borrows against it to control a larger position
If the price moves the wrong way, that margin shrinks. Once it falls below a required threshold, the exchange closes the position automatically to cover the loan
For longs, the wrong way means down. So when longs get liquidated at this scale, it signals that prices moved against bullish traders in a hurry
Why liquidations tend to arrive in clusters
Liquidations rarely happen one at a time. They tend to cascade, and that is what makes them dangerous
When an exchange closes a long position, it typically sells the underlying exposure into the market. That selling adds downward pressure on price
Lower prices then push the next group of leveraged longs below their own thresholds. Their positions get closed too, which means more selling
Trader behavior makes this worse. Many traders set stop orders and liquidation levels at similar, obvious price points. When those orders are bunched tightly together, a single price swing can trip a large number of them almost simultaneously
Background: a familiar pattern in crypto derivatives
Nine-figure liquidation bursts are not new in crypto. Liquidations in the $100 million range have historically been common in crypto derivatives during periods of high volatility. Between November 12–13, 2026, long liquidations also approached the $100 million mark, contributing to total liquidation figures exceeding $250 million over 24-hour periods.#Write2Earn #BTC $BTC
