Crypto Market: $28,324,244 in Leveraged Positions Liquidated in 24 Hours

Crypto liquidations totaled $28.32 million over the past 24 hours as of Nov. 1, 2026, 8:00 p.m. KST, according to CoinGlass data covering the top 20 liquidated assets, with short positions accounting for 77.22% of the total ($21.88 million) versus $6.45 million in long liquidations — roughly 3.4x more shorts flushed. The short-heavy wipeout accompanied a modest rebound, with Bitcoin (BTC) up 0.79% to $77,896 and Ethereum (ETH) up 1.11% to $2,267 over the same window. The imbalance suggests traders betting against the market were caught as prices ticked higher, a dynamic that can fuel further short-covering momentum if the bounce extends. Watch whether BTC holds the $77,000-$78,000 area and if ETH sustains levels above $2,200, as continued upside pressure could trigger additional short liquidations, while a reversal would shift the pain back to longs.