# Crypto Liquidations Hit $1.19 Billion in 24 Hours, Led by Long Bets

By Enna Lee

Canonical URL: https://www.tokenpost.com/news/investing/52394
Published: 2026-11-09T15:36:13.000Z
Updated: 2026-11-09T15:36:13.000Z
Section: Investing

> Ether accounted for $505 million in liquidations, compared with $318 million for Bitcoin.

Crypto derivatives markets recorded $1.187 billion in liquidations over 24 hours in a Nov. 9 snapshot, with long positions accounting for most of the forced closures and Ether (ETH) leading the two named assets.

Long positions totaled $1.042 billion, while short positions accounted for $145 million. The two amounts add up to the marketwide tally, and longs made up about 88% of the value liquidated. Long positions are trades set up to benefit from rising prices; they bore the overwhelming share of this 24-hour unwind.

Ether contracts accounted for $505 million in liquidations, compared with $318 million for Bitcoin (BTC). Their combined $823 million represented about 69% of the total across crypto assets. Positions tied to other assets accounted for the remaining $364 million.

The largest individual liquidation was a $48.16 million ETH/USDT order on Binance. That order was part of the Ether total, which exceeded Bitcoin’s by $187 million in the snapshot. A liquidation closes a leveraged position when its margin can no longer support the trade.