Crypto market sees $298.41 million in leveraged positions liquidated over 24 hours

Crypto leveraged positions worth $298.41 million were liquidated across the market in the 24 hours to 4:55 a.m. KST on November 7, 2026, with long liquidations of $238.91 million accounting for 80.06% of the total—roughly four times the $59.5 million in shorts, according to CoinGlass data on the top 20 assets by liquidation volume. Bitcoin fell 0.78% to $75,661 and Ethereum dropped 1.38% to $2,229 over the same period. The long-heavy split signals that bullish leverage was caught offside as prices slid, forcing cascading exits. Traders will watch whether BTC holds the $75,000 area and whether funding and open interest reset enough to ease further liquidation risk.