Crypto market sees $573.55 million in leveraged positions liquidated over 24 hours

Crypto leveraged positions worth $573.55 million were liquidated in the past 24 hours, with short liquidations accounting for 70.54% of the total at $404.57 million versus $168.97 million in long liquidations, according to CoinGlass data as of November 5, 2026. Bitcoin rose 2.20% to $80,218 and Ethereum gained 3.96% to $2,417 over the same period. The short-heavy liquidation mix signals that bearish traders were squeezed as prices pushed higher, amplifying upward momentum. Traders will be watching whether the short squeeze sustains BTC above the $80,000 level or gives way to renewed volatility.