Seven forced closures tied to one trading account closed $16.47 million in Bitcoin and Ether positions over 10 hours, offering a snapshot of crypto-market activity as both assets posted 24-hour declines.
Account 0xc05b...8951 was involved in seven liquidation events during the period. The positions included 172 Bitcoin (BTC), valued at $11.03 million, and 2,984 Ether (ETH), valued at $5.44 million. Bitcoin accounted for about 67% of the combined value, exceeding the Ether amount by $5.59 million.
As of 01:45 UTC Nov. 15 (8:45 p.m. ET Nov. 14), Bitcoin traded at $62,199 and Ether at $1,718.22, according to CoinGecko and exchange spot data. Their 24-hour declines were 8.96% and 10.98%, respectively.
The $16.47 million figure measures positions closed, not a verified net loss for the account. An earlier EconoTimes report on crypto liquidations also distinguished closed position values from traders’ final losses.
