TLDR
About $389 million in crypto liquidations hit majors on Tuesday, 11 Nov, with Bitcoin (BTC) ~$95.9 million and Ethereum (ETH) ~$74.7 million per a market update (report).
- Longs/shorts mix Tuesday: $264.6M longs and $124.5M shorts (report).
- Some coverage flagged ~$402M long liquidations driving the sell-off (coverage).
- Majors weakened together, with BTC and ETH leading losses and SOL down 3%5% (market note).
Deep Dive
1. Totals And Mix
The 24-hour liquidation tally around Tuesday came to ~$389M, split $264.6M in longs and $124.5M in shorts. BTC accounted for ~$95.9M and ETH ~$74.7M, making up the bulk among majors (report).
These figures frame the session as a long-driven flush, typical when prices reverse after a prior days rally.
If you track risk, the long/short split suggests forced selling mainly on the bullish side. Watch whether long dominance persists, as it can amplify volatility.
2. Drivers Tuesday
Coverage attributed the move to a reversal of Mondays gains and risk-off tone, noting majors slipped during U.S. hours Tuesday and the reversal hit leveraged longs hardest (coverage). Another note highlighted the unwind as BTC fell back toward $103,000%%CKPROTECTED3%%, with broad declines across large caps (market note).
Put simply, the days context was profit-taking plus macro cautiousness, which often accelerates liquidations when positioning is stretched.
3. Majors Impact
Majors bore most of the liquidation pressure. BTCs liquidation footprint (~$95.9M) and ETHs (~$74.7M) dominated the day, while SOL tracked the broader risk-off move with a 3%5% decline across the sessions range (report; market note).
These magnitudes fit the pattern where BTC and ETH lead de-leveraging, and high-beta majors like SOL amplify the price move even if the liquidation dollar totals skew to BTC and ETH.
For monitoring, prioritize BTC and ETH liquidation flows and cross-check SOL price action. Sustained long-heavy liquidations raise the odds of follow-through moves.
Conclusion
Tuesdays session saw a long-driven flush of roughly $389M, concentrated in BTC and ETH, with SOL weakening in sympathy. If long liquidations continue to dominate and majors stay heavy, near-term volatility could remain elevated until leverage resets or a clear catalyst reverses sentiment.
Confidence: moderate because different outlets reported totals between ~$389M and ~$402M; both place majors at the center of the move.
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