Bitcoin Sees $13.11 Million in Long Liquidations in One Hour

Bitcoin (BTC) had $13.11 million in long positions liquidated during the hour ending at 6:05 p.m. ET Thursday, Nov. 5 (8:05 a.m. KST Friday, Nov. 6), as its price fell 0.68% in the same period.

Total BTC liquidations across Binance, Bybit and OKX reached $13.49 million. Long positions accounted for $13.11 million, compared with $380,000 for shorts. The measurement combines public liquidation records from those venues for the stated one-hour window. The total is limited to the three exchanges and does not represent the full market.

BTC went from $76,004 to $75,486 during the same hour, a $518 decline. The price comparison and liquidation amounts share a one-hour measurement window ending at 8:05 a.m. KST Friday, Nov. 6, or 6:05 p.m. ET Thursday, Nov. 5. Long liquidations were more than 34 times the short total, showing that most of the reported amount came from long positions.