Crypto liquidations across Binance, Bybit and OKX reached $623.9 million by 4:02 p.m. ET Nov. 13, alongside a 5.52% 24-hour drop in total crypto market value.
The reported long-liquidation figure was $518.6 million. A liquidation forcibly closes an open trading position, and its reported value measures positions closed rather than confirmed realized losses. Leverage can trigger a closure when a trader fails to meet margin requirements. Long positions tend to gain when prices rise; short positions tend to gain when prices fall.
As of 21:12 UTC, Bitcoin (BTC) traded at $68,615, down 3.98% over 24 hours, according to CoinGecko and exchange spot data. Ether (ETH) was $1,937.66, down 3.85%, and Solana (SOL) was $79.57, down 2.16%. XRP (XRP) was $1.01, down 2.21%, while BNB (BNB) traded at $635.02, down 3.08%. Dogecoin (DOGE) was $0.0649, down 1.54%, and Uniswap (UNI) was $5.77, down 4.54%.
An earlier EconoTimes tally recorded $359.2 million in liquidations across the same exchanges.
