Crypto Market Liquidations Hit $304M in 12 Hours as Long and Short Positions Unwind

The cryptocurrency market saw $304 million in liquidations over 12 hours on Nov. 22, with long positions accounting for $172 million and short positions for $132 million, Coinglass data show. Over the past 24 hours, 371,046 traders were liquidated globally, totaling $1.815 billion. The largest single liquidation order occurred on Hyperliquid's BTC-USD pair, valued at $36.7828 million.