A one-hour burst of liquidations closed more than $550 million in crypto long positions Thursday, while Bitcoin (BTC) fell below $76,000 and Solana (SOL) slipped under $90.
The $550 million figure covered liquidations across multiple cryptocurrencies. A long position gains when its asset rises. The tally counts positions closed during the hour; it does not measure Bitcoin sold.
At 12:23 p.m. ET (17:23 UTC), Bitcoin traded at $76,029, down 5.33% over 24 hours. Solana stood at $89.81, down 6.16% over the same period.
Two separate EconoTimes snapshots from Nov. 3 quoted Bitcoin at 75,982.93 USDT, down 1.90% intraday, and $75,860 at 10:05 p.m. ET, down 0.85% over 24 hours. The Nov. 3 figures were independent snapshots taken at different times.
