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$2 billion in leveraged crypto positions liquidated amid Bitcoin's drop to $62,112, signaling a long squeeze and market leverage reduction.

Market News
15 Nov 2026, 11:18 WIB
CryptoTicker
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Bearish
$2 billion in leveraged crypto positions liquidated amid Bitcoin's drop to $62,112, signaling a long squeeze and market leverage reduction.

Around $2 billion in leveraged cryptocurrency positions were forcibly closed within 24 hours, mostly long bets on Bitcoin and Ethereum, due to a sharp price drop. Bitcoin fell to $62,112, its lowest since July, triggering a long squeeze where forced sales pushed prices down further. The market's long/short ratio dropped from 3.31 to 2.36, indicating reduced leverage but still more long positions than shorts. Further liquidations could occur if Bitcoin falls below $60,000, with uncertainty fueled by ETF outflows and upcoming US Federal Reserve decisions.

Bitcoin's market cap on Pluang stands at Rp23.678,13 trillion as of Nov 15, 2026 16:31 WIB, with a 24-hour volume of Rp950,97 trillion and a price decline of 1.94%. Ethereum shows a market cap of Rp4.002,64 trillion and a 3.64% price drop over the same period. Despite the recent $2 billion crypto liquidations mentioned, Pluang's order activity still favors buying, with 70% for Bitcoin and 71% for Ethereum, reflecting ongoing investor interest.

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