Cointime reports: Crypto derivatives positions worth more than $1.27 billion were liquidated over the past 24 hours as of Nov. 6, with long positions accounting for over $1.1 billion of the total. Leverage amplified the market decline, while U.S. spot Bitcoin ETFs recorded $430.2 million in net outflows on Nov. 5, leaving institutional demand unable to fill the gap.
Crypto Liquidations Top $1.27B in 24 Hours as Longs Take $1.1B Hit
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