TLDR
- Crypto liquidations reached $1.96 billion in 24 hours, hitting 313,528 traders.
- Long positions made up 85.9% of the losses, or about $1.68 billion.
- Bitcoin liquidations hit $752.53 million and Ethereum liquidations hit $472.15 million.
- Bitcoin fell below $63,000 and Ethereum slipped toward $1,700.
- US spot Bitcoin ETFs saw about $1.88 billion in outflows during November.
Crypto traders who bet on a price rebound took the heaviest losses in the past 24 hours. CoinGlass data shows $1.96 billion in leveraged positions were liquidated. The forced closures affected 313,528 traders.
Long positions accounted for about $1.68 billion of the total. Short positions made up just $274.86 million. That means bullish traders took 85.9% of the losses.
Bitcoin and Ethereum Take the Biggest Hits
Bitcoin had the largest liquidations at about $752.53 million. Around 79.8% of those were long positions. Ethereum followed with $472.15 million, and 84.6% of those were longs.
🚨MASSIVE: $600,000,000,000 erased from crypto’s market cap in the past day.
The market hit an intraday low near $2 TRILLION down down about 8% in 24 hours.
That is about 26% from around $2.8 TRILLION in October.
Over $2 BILLION liquidated in the past day, with 93% of it are… pic.twitter.com/OONBJ9BB5O
— Coin Bureau (@coinbureau) November 15, 2026
Together, the two coins made up about 62.5% of all liquidations. Bitcoin fell below $63,000 during the week. Ethereum slipped toward $1,700.
Other coins also saw forced selling. Hyperliquid had $86.33 million in liquidations, and Solana had $85.91 million. XRP saw $48.86 million, Zcash had $41.16 million, and Dogecoin had $22.81 million.
The largest single liquidation took place on Binance. It was an Ethereum position worth $16.17 million. Binance also had the biggest share of exchange liquidations, at about 38.2% of the total.
Most of the damage came quickly. About $1.32 billion was liquidated within 12 hours. Another $93.86 million was wiped out in the last four hours.
What Is Behind the Drop
Bitcoin’s slide picked up speed after it broke below $70,000 earlier this week. That move took it to its lowest price since August. The price then fell further below $63,000.
A stronger US dollar and rising Treasury yields have added pressure. Investors are also expecting another interest rate increase from the Federal Reserve. Higher rates tend to make riskier assets less appealing.
Fund flows point the same way. US spot Bitcoin ETFs recorded about $1.88 billion in outflows during November. That shows investors have been pulling money out of Bitcoin products.
Leverage played a part in the speed of the drop. When prices fall past certain levels, exchanges automatically close leveraged long positions to limit losses. Those forced closures add more selling, which can trigger more liquidations.
Liquidation totals remain high across the market. Bitcoin and Ethereum are trading well below their levels from earlier in the week. Traders are now watching ETF flows and upcoming Federal Reserve decisions.
