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Bitcoin Falls $653 as Long Liquidations Reach $11.78 Million on Three Exchanges

The long-side total was about 38 times the short-side amount during the same hour.

Updated 1 min read
A commuter checks a phone on a wet Seoul sidewalk after dusk. / TokenPost.ai (macro)
A commuter checks a phone on a wet Seoul sidewalk after dusk. / TokenPost.ai (macro)

Bitcoin (BTC) fell $653 in the hour to 9:02 a.m. ET Saturday as a tally across Binance, Bybit and OKX recorded $11.78 million in long liquidations, showing a sharp imbalance in forced closures.

Bitcoin moved from $66,936 at 8:02 a.m. ET to $66,283 at 9:02 a.m. ET (13:02 to 14:02 UTC) on Nov. 14, a 0.98% decline. Short liquidations totaled $310,000 during the same window.

The long-side amount exceeded shorts by $11.47 million, or about 38 times. Liquidations are forced position closures. Long positions benefit when prices rise; short positions benefit when they fall. The tally combines publicly available data from the three exchanges and does not cover the full market.

A separate one-hour snapshot on Nov. 8 recorded $10.55 million in Bitcoin long liquidations and $10,000 in shorts, according to EconoTimes’ earlier report. That was a different trading period from the Nov. 14 tally.

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