Add as a preferred source on GoogleBitcoin's Slide to $75,700 Triggers $1.1 Billion in Liquidations
Nearly 211,000 crypto positions were liquidated in 24 hours, while spot Bitcoin ETFs recorded a $74.6 million net inflow on Nov. 4 after three days of outflows.
Bitcoin (BTC) fell to $75,700 Thursday, Nov. 5, as crypto liquidations reached $1.1 billion over 24 hours, reversing a move that had taken the asset to $80,000 the day before.
Nearly 211,000 crypto positions were forcibly closed during that period. In the heaviest four-hour stretch, $879.92 million in positions were liquidated, including $818.90 million in long positions, which bet on prices rising.
Spot Bitcoin ETFs recorded outflows of $643.2 million on Oct. 30, $398.6 million on Nov. 2 and $115.6 million on Nov. 3, totaling $1.16 billion. The funds posted a net inflow of $74.6 million on Nov. 4. Fidelity's FBTC took in $236.7 million, while BlackRock's IBIT saw $201.2 million leave the fund.
Liquidations reflect forced closures of leveraged trades, while ETF flows track money moving into or out of funds. The figures describe separate parts of crypto market activity.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.