Crypto longs bled $419M of the $481M liquidated in a single hour

Crypto traders got hit hard in a single hour Thursday night. Liquidations across the market hit $481 million in the 60 minutes ending 10:31 p.m. ET Thursday, Nov. 12 — 03:31 UTC on Friday, Nov. 13 — according to tokenpost.com. Longs carried almost all the pain.

Long positions accounted for $419 million of the wreckage, while short liquidations came in at $62.28 million. That puts longs at roughly 87% of the total, nearly 6.7 times the short-side figure. In other words, the crowd leaning bullish was the one getting flushed.

Bitcoin did the heaviest lifting in the purge. BTC liquidations totaled $287 million in the same hour, about 60% of the marketwide number. The rest landed across other crypto assets, which together made up the difference from the $481 million headline figure.

The source flags one reading trap: Bitcoin's $287 million is an asset-based slice of the same marketwide pool, not a category to stack on top of the long and short buckets. The two views — positions by direction, then BTC on its own — describe the same hour, not additional damage.