Crypto market sees $863.41 million in leveraged positions liquidated over 24 hours

Crypto markets saw $863.41 million in leveraged positions liquidated over the past 24 hours, with long liquidations accounting for 87.96% of the total at $759.43 million versus $103.98 million in shorts, according to CoinGlass data as of 8:00 p.m. KST on November 6, 2026. Bitcoin fell 5.28% to $75,955 and Ethereum dropped 7.53% to $2,234 during the same period. The lopsided long-to-short liquidation ratio of roughly 7.3 to 1 signals that heavily bullish positioning was caught offside by the downturn, amplifying selling pressure across major assets. Traders will be watching whether BTC can hold the $75,000 area and whether funding rates reset enough to curb further cascading liquidations.