Long Liquidations Reach $642.2 Million Across Three Crypto Exchanges

Long positions accounted for $642.2 million of $717.8 million in liquidations on Binance, Bybit and OKX over 24 hours through 8:01 a.m. ET Nov. 9 as major cryptocurrencies fell.

Short positions accounted for the remaining $75.6 million. The long side made up most of the combined tally across the three exchanges.

Total crypto market capitalization was $2.49 trillion, down 4.32% over the same 24-hour period. Marketwide trading volume reached $76.20 billion. An earlier Nov. 9 market snapshot also put capitalization at $2.49 trillion at 12:01 a.m. ET.

Bitcoin (BTC) traded at $74,922, down 1.42% over 24 hours. It accounted for 60.2% of total crypto market value, while Ether (ETH) accounted for 10.4%. Bitcoin’s percentage decline was smaller than those of the other five major assets in the morning snapshot.

Ether fell 5.22% to $2,123, and XRP (XRP) dropped 5.13% to $1.10. Those were the steepest declines among the six major assets listed. BNB (BNB) slipped 1.80% to $686.78, Solana (SOL) lost 3.30% to $86.61, and Dogecoin (DOGE) fell 2.05% to $0.0698.

Among the top 39 crypto assets, Arbitrum (ARB) rose 10.27%, the strongest performance in that group. Aster (ASTER) fell 5.41%, the weakest performance.