Long Liquidations Reach $642.2 Million Across Three Crypto Exchanges

Long positions accounted for $642.2 million of $717.8 million in liquidations on Binance, Bybit and OKX over 24 hours through 8:01 a.m. ET Nov. 9 as major cryptocurrencies fell. Short positions accounted for the remaining $75.6 million. The long side made up most of the combined tally across the three exchanges. Total crypto market capitalization was $2.49 trillion, down 4.32% over the same 24-hour period. Marketwide trading volume reached $76.20 billion. An earlier Nov. 9 market snapshot also put capitalization at $2.49 trillion at 12:01 a.m. ET. Bitcoin (BTC) traded at $74,922, down 1.42% over 24 hours. It accounted for 60.2% of total crypto market value, while Ether (ETH) accounted for 10.4%. Bitcoin’s percentage decline was smaller than those of the other five major assets in the morning snapshot.

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