Crypto market sees $23,064,948 in leveraged positions liquidated over 24 hours

Crypto traders liquidated $23.06 million in leveraged positions over the past 24 hours, with long liquidations of $19.33 million accounting for 83.79% of the total—5.2 times the $3.74 million in shorts—according to CoinGlass data as of 8:00 p.m. KST on November 8, 2026. Bitcoin fell 0.14% to $75,799 and Ethereum dropped 0.47% to $2,233 over the same period. The long-heavy wipeout signals that leveraged bulls were caught offside as prices drifted lower, amplifying downside pressure across major assets. Traders will watch whether BTC holds the $75,000 area and whether funding rates reset, since another leg down could trigger further cascading long liquidations.