Crypto market sees over $1.27 billion in liquidations in 24 hours, with longs exceeding $1.1 billion.
Original headline加密市场 24 小时爆仓超 12.7 亿美元，多头超 11 亿美元
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Crypto derivatives liquidations topped $1.27 billion in the past 24 hours, with long positions accounting for more than $1.1 billion of the total, according to CoinDesk. Leverage amplified the market selloff, and U.S. spot Bitcoin ETFs recorded $430.2 million in net outflows on November 5 as institutional demand failed to offset the gap. The scale of long liquidations underscores how crowded bullish positioning had become and how quickly forced selling can cascade across derivatives venues. Traders will be watching whether ETF flows stabilize and whether leverage is flushed out further before the market finds a footing.
Muhabbit's AI wrote this summary in its own words from TechFlow's report and translated it from Chinese. It can get details wrong, so check the source.
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Bitcoin (BTC), crypto derivatives market, US spot Bitcoin ETFs, CoinDesk
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