Crypto market sees $822.89 million in leveraged positions liquidated over 24 hours

Crypto leveraged positions worth $822.89 million were liquidated in the past 24 hours, with short liquidations accounting for 62.11% ($511.10 million) versus $311.79 million in longs, according to CoinGlass data as of November 5, 2026. The short-heavy skew came as Bitcoin rose 3.32% to $80,020 and Ethereum gained 5.48% to $2,408, squeezing bearish traders. The imbalance signals that upward momentum caught leveraged shorts offside, amplifying moves across major tokens. Traders will watch whether funding rates and open interest reset as BTC holds above $80,000 and ETH above $2,400, with further short covering or a long unwind likely to dictate near-term volatility.