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Crypto Liquidations Reach $359.2 Million as Market Value Falls 4.35%

Long positions made up $285.2 million of liquidations across three exchanges; a later Bitcoin quote covered a separate 24-hour window.

Updated 2 min read
A passerby checks a smartphone on a sidewalk in Seoul’s financial district. / EconoTimes.ai
A passerby checks a smartphone on a sidewalk in Seoul’s financial district. / EconoTimes.ai

The digital-asset market shed 4.35% of its value to $2.45 trillion in a Nov. 11 reading, while liquidations on Binance, Bybit and OKX reached $359.2 million.

The reading was taken at 8:01 a.m. ET Nov. 11, when Bitcoin (BTC) was priced at $73,828. Its 24-hour decline was 0.61%, while trading volume over the interval came to $82.08 billion. The six major assets in the snapshot all declined.

Ether (ETH) had the steepest fall among those six, losing 2.26% to $2,050. BNB recorded the mildest decline among five assets other than Bitcoin, easing 0.99% to $680.45. XRP fell 2.08% to $1.06, Solana slipped 1.28% to $83.82 and Dogecoin lost 2.16% to $0.0681.

Bitcoin's share of the total valuation was 60.5%, while Ether's stood at 10.2%. Among the top 39 assets, Gram (GRAM), previously Toncoin, advanced 13.29%, while Zcash (ZEC) dropped 15.40%, the steepest decline in that group.

Long positions accounted for $285.2 million of the $359.2 million in liquidations across Binance, Bybit and OKX; short positions accounted for $74 million.

The market value was below the $2.48 trillion recorded in a Nov. 10 EconoTimes snapshot, which put Bitcoin at $73,893. The readings cover separate 24-hour intervals, so their percentage changes reflect different windows rather than a direct day-over-day comparison.

A later spot check, at 11:19 p.m. ET Nov. 11 (04:19 UTC Nov. 12), priced Bitcoin at $73,716, up 0.26% over its own 24-hour period, according to CoinGecko and exchange spot data. Ether was $2,052.73, down 0.27%, while Solana stood at $83.12, up 0.21%. BNB was $677.62, down 0.42%, XRP $1.05, down 0.71%, and Dogecoin $0.0672, down 1.47%. Zcash was at $983.70, down 3.16%; Gram traded at $1.19, up 4.28%. These later prices use a separate observation time and 24-hour window from the morning figures.

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