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Long Positions Led $622.6 Million in Crypto Liquidations

Crypto assets were valued at $2.49 trillion after a 5.29% 24-hour decline. Bitcoin (BTC) fell 1.43%, less than Ether (ETH) and XRP (XRP).

Updated 1 min read
An anonymous commuter checks a phone in Seoul's Yeouido financial district after rain. / TokenPost.ai
An anonymous commuter checks a phone in Seoul's Yeouido financial district after rain. / TokenPost.ai

A 24-hour market snapshot showed steeper declines for Ether and XRP than for Bitcoin, while long positions made up most forced closures across three major crypto exchanges.

At 12:01 a.m. ET Nov. 9, Bitcoin (BTC) was $74,790 after a 1.43% 24-hour decline. Ether (ETH) was $2,138, down 4.35%, and XRP (XRP) stood at $1.11 after a 4.79% drop. Solana (SOL) fell 2.05% to $87.34, Dogecoin (DOGE) declined 2.25% to $0.0696, and BNB (BNB) lost 1.16% to $688.04. Among the 39 largest assets, Arbitrum (ARB) gained 3.50%, while Aster (ASTER) had the steepest decline, at 5.60%.

Long positions accounted for about 91% of the $622.6 million in liquidations recorded across Binance, Bybit and OKX over 24 hours; short positions accounted for $55.8 million. EconoTimes has previously covered large crypto liquidation tallies involving long positions.

The same earlier reading put the total value of crypto assets at $2.49 trillion, 5.29% below its level a day earlier. Marketwide trading volume was $55.51 billion.

As of 00:29 UTC Nov. 10, CoinGecko and exchange spot data showed Bitcoin at $75,077, up 0.16% over 24 hours, and Ether at $2,125.43, down 0.58%. These later readings cover a different 24-hour window.

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