Crypto market sees $362.25 million in leveraged positions liquidated over 24 hours

Crypto traders liquidated $362.25 million in leveraged positions over the 24 hours to 8:00 p.m. KST on November 4, 2026, with long liquidations of $187.35 million (51.72%) outpacing shorts at $174.90 million, according to CoinGlass data covering the top 20 assets. The washout came as Bitcoin rose 1.90% to $78,479 and Ethereum gained 2.46% to $2,325, meaning longs were caught leaning the wrong way even as prices advanced. The near-even split between long and short liquidations points to a two-sided squeeze rather than a one-directional flush, and it matters because it shows leverage remains elevated across major tokens. Traders should watch whether open interest rebuilds in the same direction or de-risks further, and whether BTC can hold the $78,000 area as a support level.