Bitcoin trader loses $15.6 million in liquidation as crypto and stocks plunge

A single Bitcoin trader suffered a loss of 201 BTC, valued at approximately $15.6 million, after a rapid series of eight forced liquidations during the November 5 market downturn. The event unfolded as a sharp Wall Street selloff coincided with steep declines in major cryptocurrencies, leading to widespread liquidations across the sector. BeInCrypto, a digital asset news platform, cited CoinGlass data showing that more than 209,000 traders experienced forced liquidations within 24 hours. The total value of these liquidations reached $1.08 billion, with the majority—$956 million—originating from long positions and $130.78 million from short positions. Among individual assets, Bitcoin accounted for $282.37 million in liquidations, while Ethereum recorded $173.75 million. Binance was the leading platform, handling 44.3% of these liquidations.

BeCrypto News shows a short excerpt and links to the publisher. The full report belongs to CoinTurk News.