Crypto market sees $556.89 million in leveraged positions liquidated over 24 hours

Crypto markets saw $556.89 million in leveraged positions liquidated over the past 24 hours, with long liquidations accounting for 91.69% of the total at $510.59 million versus $46.30 million in shorts, according to CoinGlass data as of 04:56 KST on November 13, 2026. Bitcoin fell 3.61% to $71,618 and Ethereum dropped 2.88% to $2,015 over the same period. The lopsided long-to-short liquidation ratio of roughly 11:1 signals that leveraged bullish positioning was caught offside by the downturn, amplifying selling pressure across major assets. Traders will be watching whether BTC can hold the $71,000 area and whether funding rates reset enough to curb further forced deleveraging.