\n\t\t\t\t\t\t\t\t\tOn a daily basis, the liquidations have skyrocketed to over $750 million.\t\t\t\t\t\t\t\t<\/p>\n<\/p><\/div>\n
It has almost become an inevitability that the cryptocurrency markets will turn red as the US trading hours begin, and the last 60 minutes or so are no exceptions.<\/p>\n
Bitcoin has headed south and has led the way for many altcoins to follow suit. Naturally, the liquidations are on the rise on all timeframes.<\/p>\n The chart above paints a clear picture as today\u2019s retracement appears like a copycat of yesterday\u2019s. Recall that BTC dumped<\/a> to $88,500 24 hours ago, but the bears took it a step further today, pushing the cryptocurrency to a new seven-month low of just over $88,000.<\/p>\n Although that level has managed to hold the price correction for now, it has been repeatedly tested in the past week and might be on the verge of giving in.<\/p>\n The altcoins are in no better shape. ETH has plunged under $2,900 once again, after a 3% decline in the past hour alone. XRP is currently testing the crucial $2.00 level after a 3.3% hourly drop. SOL has slumped even more in the past hour, losing 4.1% of value and now sits inches above $130.<\/p>\n Even more painful declines come from STRK (8.5%), ARB (4.6%), DOT (4.5%), and WLD (4.2%) \u2013 all registered in the span of less than 60 minutes.<\/p>\n Naturally, the liquidations within this timeframe have jumped to more than $180 million, according to CoinGlass data. The lion\u2019s share (or $176 million) comes from longs, with ETH actually leading BTC ($25 million vs $22 million).<\/p>\n The total value of wrecked positions for the past 24 hours is up to $750 million, with nearly 220,000 traders wiped out. The single-largest liquidated position took place on Hyperliquid and was worth over $24 million.<\/p>\nYou may also like:<\/h3>\n
![\"Liquidation](\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/11\/BTCUSD-28.png\")
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