Crypto Market: 24-Hour Liquidations Exceed $1.27 Billion, Longs Top $1.1 Billion

TechFlow reported that on November 6, according to CoinDesk, crypto derivatives liquidations exceeded $1.27 billion over the past 24 hours, with long positions accounting for more than $1.1 billion.

The report noted that leverage exacerbated the market downturn. U.S. spot Bitcoin ETFs recorded net outflows of $430.2 million on November 5, while institutional demand failed to fill the market gap.

Source: TechFlow