Coinfuty tracks market: about $580 million liquidated in 4 hours, ETH and SOL decline

Cryptocurrency futures liquidations reached roughly $580 million over a four-hour window tracked by Coinfuty as of 01:18 Beijing time on November 11, spanning crypto as well as equity- and commodity-linked contracts. Coinbase spot data showed ETH falling to $2,003.24, SOL to $81.27 and XRP to $1.0302, with BTC later dropping to $72,643.48. Coinfuty's 24-hour liquidation tally stood at about $685 million, including roughly $565 million in longs and $121 million in shorts, measured as the notional value of forced positions rather than trader cash losses. The long-heavy split signals that leveraged bullish positioning bore the brunt of the selloff, amplifying downside pressure across major tokens. Traders will watch whether ETH holds the $2,000 level and whether BTC stabilizes above $72,000, with funding rates and open interest indicating whether leverage continues to unwind.