Crypto market liquidations exceed $1.27 billion in 24 hours, with longs exceeding $1.1 billion
Nov 6, 20:34
On November 6, according to CoinDesk, over $1.27 billion in cryptocurrency derivative positions were liquidated in the past 24 hours, with long positions exceeding $1.1 billion.
The report noted that leverage exacerbated the market's downward trend. US spot Bitcoin ETFs recorded net outflows of $430.2 million on November 5, with institutional demand failing to fill the market gap.