Crypto market sees $24,873,139 in leveraged positions liquidated over 24 hours

Crypto leveraged positions worth $24.87 million were liquidated across the market in the 24 hours to 3:55 p.m. KST on Nov. 8, 2026, with long liquidations of $20.82 million accounting for 83.68% of the total—5.1 times the $4.06 million in shorts—according to CoinGlass data on the top 20 assets by liquidation volume. Bitcoin fell 0.30% to $75,715 and Ethereum dropped 0.62% to $2,230 over the same period. The long-heavy skew signals that bullish traders were caught offside as prices drifted lower, forcing cascading exits. Watch whether BTC holds the $75,000 area and whether funding rates reset, which would indicate whether leverage is being flushed out or rebuilt.