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Bitcoin Declines 3% on Binance; Long Liquidations Total $101 Million

Exchanges recorded $101 million in long liquidations and $5.26 million in short liquidations over the hour.

Updated 1 min read
A market graphic compares Bitcoin’s hourly price decline with long and short liquidations / TokenPost.ai (macro)
A market graphic compares Bitcoin’s hourly price decline with long and short liquidations / TokenPost.ai (macro)

Liquidations in the hour to 10:40 a.m. ET Thursday, Nov. 5 (15:40 UTC) heavily favored long positions as Bitcoin (BTC) fell 3% on Binance's BTC/USDT spot market.

The Binance BTC/USDT spot quote was $76,571 at 10:40 a.m. ET (15:40 UTC), down from $78,936 one hour earlier. The $2,365 difference amounted to a 3% decline over the hour.

Across Binance, Bybit and OKX, long-position liquidations totaled $101 million during that hour, while short-position liquidations reached $5.26 million. The liquidation tally covers three exchanges, whereas the price comparison uses a single Binance spot pair.

Bitcoin was down 5.02% over the 24 hours ending with the 10:40 a.m. ET price reading. Live market data as of 15:52 UTC (10:52 a.m. ET) put the asset at $76,158, down 5.25% over 24 hours.

Those percentages reflect separate snapshots, each measured over its own preceding 24-hour period; they are not additional hourly declines.

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