Bitcoin saw $22.59 million in long position liquidations across Binance, Bybit, and OKX within one hour on Nov. 12, coinciding with a 0.5% price drop from $72,840 to $72,478. Total liquidations on these exchanges reached $23.12 million, with long positions dominating the forced closures. This indicates traders betting on rising prices were forced out as Bitcoin's value declined during that period. The data highlights market volatility and the risks of leveraged trading on major crypto platforms.
Bitcoin long liquidations reached $22.59 million in one hour on November 12, 2026. For readers following the broader crypto market, here is Pluang's snapshot as of Nov 12, 2026 23:41 WIB: out of 50 major cryptocurrencies, 6 rose and 43 fell. Notable movers include ENJ down 9.41%, EOS up 8.13%, and AAVE down 7.61% with a typical hold time of 107 days and a buy order activity of 64%.
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