Crypto Market Suffers $1B in Liquidations as Bitcoin and Ethereum Extend Losses

TL;DR: Over $1 billion in leveraged positions were liquidated in the cryptocurrency market during the episode. Long positions accounted for approximately 88.2% of the total recorded liquidation volume. Bitcoin touched an intraday low near $74,780, while Ethereum registered losses exceeding 7%. Monday, November 9, was a day of high volatility in the crypto market, with over $1 billion in leveraged position liquidations , dragged down by a widespread drop in Bitcoin and Ethereum prices. Instability in traditional financial markets directly impacted the digital asset sector , triggering a wave of forced liquidations exceeding $1 billion. According to the market report, the main catalyst came from Wall Street, where a sharp decline in technology and artificial intelligence stocks generated a contagion effect in cryptocurrency markets.

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