Crypto Market: $27.62477 million in Leveraged Positions Liquidated in 24 Hours
Original headline암호화폐 시장, 24시간 동안 레버리지 포지션 2762만4770달러 청산
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Crypto market liquidations totaled $27.62 million over the past 24 hours, with short positions accounting for 61.45% of the total ($16.98 million) versus $10.65 million in long liquidations, per CoinGlass data as of November 1, 2026, 3:56 p.m. KST. The short-heavy liquidation skew came as Bitcoin (BTC) rose 0.80% to $77,885 and Ethereum (ETH) gained 1.08% to $2,268, suggesting upward price pressure forced bearish traders out of leveraged positions. The figures cover the top 20 liquidated assets tracked by CoinGlass, with roughly 368.7 billion Korean won in total liquidations. The modest gains in major assets alongside short liquidations indicate a mild short squeeze rather than broad market stress, given the relatively small liquidation volume. Traders will watch whether BTC holds above the $77,000 level and if continued short covering extends the recent upward move.
Muhabbit's AI wrote this summary in its own words from TokenPost's report and translated it from Korean. It can get details wrong, so check the source.
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Ethereum (ETH), Bitcoin (BTC), CoinGlass
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