A one-hour Bitcoin (BTC) liquidation tally put $9.43 million on the long side while the asset lost $775 on Nov. 11, accounting for most of the $10.14 million recorded across three exchanges.
The liquidation reading closed at 23:10 UTC (6:10 p.m. ET) Nov. 11. Bitcoin moved from $74,476 to $73,701 during that hour, a decline of 1.04%. The price change and liquidation figures refer to the same one-hour window.
Long positions generally benefit when prices rise, while short positions generally benefit from declines. Long liquidations reached $9.43 million, compared with $710,000 for shorts; long positions represented about 93% of the tally.
A tally of public liquidation data from Binance, Bybit and OKX totaled $10.14 million. The count covers those three exchanges only and does not represent the full market.
As of 4:59 a.m. ET Thursday, Nov. 12 (09:59 UTC), Bitcoin traded at $73,361, down 0.42% in 24 hours. That market reading came later than the liquidation snapshot.
