Coinfuty tracks ~$580 million in market liquidations over 4 hours as ETH and SOL decline

On Nov. 11, according to The Defiant, the cryptocurrency selloff widened, with nearly $580 million in liquidations recorded over a 4-hour period ending at 01:18 Beijing Time tracked by Coinfuty. The statistics cover crypto as well as contracts linked to stocks and commodities.

Data from Coinbase’s spot market shows that ETH, SOL, and XRP fell to lows of $2,003.24, $81.27, and $1.0302, respectively, during the reported period, while BTC later dropped to $72,643.48.

Coinfuty data also shows that by the same timestamp, 24-hour market liquidations totaled approximately $685 million, including roughly $565 million in long positions and $121 million in short positions. Liquidation figures represent the notional value of forcibly closed positions, rather than actual cash losses incurred by traders.