Crypto Market Logs $1.05 Billion in 24-Hour Liquidations as Bitcoin Falls to 11-Week Low

TechFlow reported on November 7 that, according to Decrypt, CoinGlass data showed the crypto market recorded $1.05 billion in liquidations over the past 24 hours, with $930.04 million in long liquidations accounting for 88.2% and $124.69 million in short liquidations.

Bitcoin briefly fell to $74,780.91, its intraday low since August 21, before recovering to about $75,570 at the time of reporting. Bitcoin-related positions saw $267.2 million in liquidations, while Ethereum-related positions saw $167.14 million.

Source: TechFlow