Bitcoin (BTC) rose $252 in an hour, coinciding with $7.45 million in short-position liquidations across three exchanges, a limited snapshot of leveraged trading activity in crypto markets.
During the hour ending 11:32 a.m. ET Nov. 14, BTC moved from $65,126 to $65,378, a 0.39% gain. Binance, Bybit and OKX recorded $12.92 million in liquidations combined, including $7.45 million from short positions and $5.47 million from long positions.
Liquidations are forced closures of trading positions. Short positions generally benefit from falling prices, while long positions benefit from rising prices; the three-exchange total excludes activity on other platforms.
As of 16:45 UTC, CoinGecko and exchange spot data put Bitcoin at $65,450, down 4.66% over 24 hours. The hourly gain and 24-hour decline cover different time windows. A separate earlier one-hour tally showed short liquidations exceeding longs by $19.54 million as Bitcoin rose.
