Longs Get Wiped Out: Crypto Markets See $223M in Liquidations
Traders got absolutely hammered as crypto markets logged $223 million in liquidations during a single hour on Thursday. Long positions caused the massive squeeze, making up roughly 98% of all forced closures. Bitcoin was the biggest casualty of the sudden price swing.
- 3 sources report it: tokenpost.com, X account @Cointelegraph, cryptobriefing.com.
- The source published it on Nov 12, 2026 at 1:17 PM.
- Readers flagged it and an editor is checking it.
Crypto markets saw a total of $223 million in liquidations in just one hour on Thursday, marking a major squeeze across the sector.
The vast majority of these forced closures came from long positions, which racked up $219 million in liquidations. These positions accounted for roughly 98% of the overall losses recorded during the period.
Bitcoin (BTC) was the biggest name on the casualty list, absorbing $171 million of the total losses. Liquidations across all other assets totaled approximately $52 million.
Short positions did contribute, though they were minor, tallying $3.89 million in liquidations. Long liquidations exceeded the short figures by roughly $215 million.
Traders who bet on higher prices were forced out the door, as the one-hour snapshot confirmed positions expecting rising prices made up the overwhelming majority of the closures.
TopicsBitcoin (BTC)
Written by Paparazzi with AI. Not financial advice.