Crypto Market: $281.73 Million in Leveraged Positions Liquidated in 24 Hours

Crypto market leverage unwound sharply over the past 24 hours, with $281.73 million in liquidations across the top 20 assets as of Nov. 3, 2026, 4:55 a.m. KST, per Coinglass. Long positions bore the brunt, accounting for $210.09 million, or 74.57% of total liquidations—2.9 times the $71.64 million in short liquidations—indicating a broad downside flush. Bitcoin fell 1.15% to $76,764, while Ethereum slipped 0.60% to $2,242 over the same period. The long-heavy liquidation skew suggests traders were overexposed to the upside and were caught in the pullback, raising the risk of further cascading liquidations if prices continue lower. Watch next: whether BTC holds the $76,000 level and if funding rates reset, which could signal whether the deleveraging phase has run its course.