Digital Currency

Add as a preferred source on Google

Bitcoin Drop Coincides With $23.67 Million in Long Liquidations

Longs made up nearly all of the $23.98 million tally across Binance, Bybit and OKX as Bitcoin fell 0.60%.

Updated 1 min read
A passerby checks a smartphone on a Lower Manhattan sidewalk in New York. / TokenPost.ai (macro)
A passerby checks a smartphone on a Lower Manhattan sidewalk in New York. / TokenPost.ai (macro)

Bitcoin's one-hour decline coincided with $23.67 million in long liquidations on three exchanges, offering a limited snapshot of leveraged trading pressure across crypto markets, not a full-market tally.

Longs accounted for $23.67 million of the $23.98 million total. Shorts made up the other $310,000. The 60-minute window closed at 9:32 a.m. ET (14:32 UTC) Saturday, Nov. 14. Bitcoin's price moved from $66,666 at the start to $66,264 at the close, a $402 drop equal to 0.60%.

The calculation drew on public liquidation figures from Binance, Bybit and OKX. It excludes activity on other exchanges, so it is not a marketwide total.

A prior report on Bitcoin long liquidations across three exchanges recorded $11.78 million during a separate snapshot.

As of 14:45 UTC (9:45 a.m. ET), Bitcoin traded at $65,938, down 4.57% over 24 hours, according to CoinGecko and exchange spot prices.

Related articles

View all