Bitcoin Hits Nearly Three-Month Low as Crypto Liquidations Reach $1.62 Billion

Bitcoin (BTC) fell to $67,500 on Nov. 12, its lowest price in nearly three months, as cryptocurrency markets recorded $1.62 billion in liquidations over 24 hours. The price mark is from Nov. 12, while the liquidation figure covers a full 24-hour window.

Long positions, which profit when prices rise, accounted for $1.46 billion, or about 90% of all liquidations. Bitcoin long liquidations exceeded $901 million, with nearly $560 million recorded in a four-hour span. That four-hour amount is part of Bitcoin’s total, and the BTC figure is part of the broader market tally.

Bitcoin’s market capitalization fell below $1.38 trillion, and total crypto market value declined to $2.4 trillion. Ether (ETH) fell to $1,910, while XRP briefly slipped below $1. Solana (SOL) dropped to $78, and Zcash (ZEC) fell to $915. Monero (XMR) declined 7% to about $519. The declines show that selling extended beyond Bitcoin across several other digital assets.