{"id":249892,"date":"2026-11-10T16:48:12","date_gmt":"2026-11-10T16:48:12","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=249892"},"modified":"2026-11-10T16:48:12","modified_gmt":"2026-11-10T16:48:12","slug":"570m-in-longs-liquidated-as-btc-eth-xrp-crash-again","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=249892","title":{"rendered":"$570M in Longs Liquidated as BTC, ETH, XRP Crash Again"},"content":{"rendered":"

The brief rebound following the US CPI release came to an end less than an hour ago, as BTC extended the daily losses, dumping to a fresh multi-month low of well below $73,000.<\/p>\n

The altcoins have followed suit as they typically do in such dire market conditions, posting major losses of over 5% in the past 24 hours. Naturally, the liquidations are on the rise again.<\/p>\n

CPI to Blame?<\/h2>\n

Recall that the primary cryptocurrency tanked hard on Monday morning, which only worsened its situation following last Thursday\u2019s big crash when it tanked from over $81,000 to under $76,000. On Monday, though, the bears took it a step further to $73,600, which became a new local low.<\/p>\n

After rebounding to over $75,000 in intra-day trading, the bulls quickly lost control while all eyes turned to today\u2019s CPI release. Bitcoin remained<\/a> relatively stable at $74,400 before the reading was announced. However, since the actual MoM increase was higher than expected<\/a>, BTC dipped almost immediately by nearly a grand.<\/p>\n

The bulls managed to step up at this point and helped it recover to $74,800. That was another fakeout, though; bitcoin plunged once again minutes ago to $72,700. This became its lowest price tag since the August breakout began.<\/p>\n

<\/a>BTCUSD November 10. Source: TradingView<\/p>\n

The situation among the altcoin space is even more dire. Ethereum has slumped by over 5%, and it came to $2,010, just inches above the key $2,000 support. XRP has slumped by a similar percentage, and it now trades below $1.05. SOL is down by 5% as well to $82, while ZEC has nosedived by almost 13% to $1,030.<\/p>\n

Liquidations on the Rise<\/h2>\n

Data from CoinGlass paints a clear and painful picture. The total value of wrecked positions in the past four hours alone is at $580 million. $484 million out of that total came from longs. The landscape on a 24-hour scale is even more violent, with nearly $700 million wrecked, while longs are responsible for $570 million.<\/p>\n

ETH once again leads this adverse trend, with $252 million worth of liquidated positions, while BTC is at close to $200 million. The total number of wrecked traders is above 115,000, while the single-largest wiped-out position was worth more than $31 million, and it took place on HTX.<\/p>\n

<\/a>Liquidation Data on CoinGlass<\/p>\n

\u00a0<\/p>\n

The post $570M in Longs Liquidated as BTC, ETH, XRP Crash Again<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

The brief rebound following the US CPI release came to an end less than an hour ago, as BTC extended the daily losses, dumping to a fresh multi-month low of well below $73,000. The altcoins have followed suit as they typically do in such dire market conditions, posting major losses of over 5% in the […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-249892","post","type-post","status-publish","format-standard","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/249892"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=249892"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/249892\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=249892"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=249892"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=249892"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}