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Crypto Futures Liquidations Hit $709 Million, Led by Longs

Longs accounted for $572 million, compared with $137 million in short liquidations. Bitcoin and Ether together made up $310 million.

By Enna Lee
Published
Mentioned assets
An unmarked metal token teeters beside scattered trading chips / TokenPost.ai
An unmarked metal token teeters beside scattered trading chips / TokenPost.ai

Crypto futures liquidations totaled $709 million over a 24-hour period in figures published Nov. 6, with long positions accounting for most of the forced closures.

Long liquidations reached $572 million, more than four times the $137 million in short liquidations. Bitcoin (BTC) and Ether (ETH) together accounted for $310 million of the total: $179 million in Bitcoin liquidations and $131 million in Ether liquidations.

The largest single liquidation order was $10.94 million on Binance’s ETHUSDT market.

Enna Lee

Reporter

Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.

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