CoinGlass Highlights Key Bitcoin Price Levels Triggering $3.69B Liquidations
Fresh Coinglass data shows over $1.15 billion in liquidations within 24 hours, spotlighting extreme volatility and leveraged position risks in the crypto market.
BTC
USDT
Summary
On November 4, Coinglass reported $648 million in crypto liquidations within one hour, comprising $630 million from longs and $17.91 million from shorts. Across the past day, 299,851 traders were liquidated for a total of $1.157 billion. The largest single loss occurred on HTX's BTC-USDT pair at $33.96 million. This surge in liquidations follows earlier warnings about high-risk Bitcoin price thresholds triggering billions in potential long and short liquidations.
Terms & Concepts
- Long Liquidation: The forced closure of long positions when asset prices fall, leading to investor losses and potential price drops.
- Short Liquidation: The forced closure of short positions when asset prices rise, often leading to rapid upward price movements.