Crypto Market Sees $648M in Liquidations Within One Hour on Nov. 4

The cryptocurrency market saw $648 million in liquidations during a one-hour period on Nov. 4, with long positions accounting for $630 million and short positions for $17.92 million, Coinglass data show. Over the past 24 hours, 299,851 traders were liquidated with combined losses reaching $1.157 billion. The largest single liquidation order occurred on HTX's BTC-USDT pair, valued at $33.96 million.