Add as a preferred source on GoogleBitcoin Climbs 1.22% in One Hour to $75,347 at 10:41 a.m. ET
BTC remained 0.96% below its price 24 hours earlier, while short liquidations reached $4.7 million across three exchanges.
Bitcoin (BTC) rose 1.22% in one hour to $75,347 at 10:41 a.m. ET (15:41 UTC) on Nov. 9, while short liquidations far exceeded long liquidations.
TokenPost directly collected the Binance spot BTC/USDT prices used for the comparison. BTC stood at $74,440 one hour before the $75,347 reading, a gain of $907. Despite the hourly increase, the latest price was 0.96% below its level 24 hours earlier.
During that same hour, TokenPost's tally across Binance, Bybit and OKX recorded $4.7 million in Bitcoin short liquidations and $140,000 in long liquidations. A short position benefits when the price falls; a long position benefits when it rises. Liquidation is the forced closure of a leveraged position when it lacks sufficient collateral.
The price reading reflects Binance's spot BTC/USDT market, while the liquidation figures cover three exchanges. Bitcoin ranked first among cryptocurrencies by market value, at approximately $1.5 trillion.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.