{"id":250699,"date":"2026-11-12T13:37:49","date_gmt":"2026-11-12T13:37:49","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=250699"},"modified":"2026-11-12T13:37:49","modified_gmt":"2026-11-12T13:37:49","slug":"220m-in-longs-liquidated-in-1-hour-as-eth-dips-below-2k-and-btc-slides-to-72k","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=250699","title":{"rendered":"$220M in Longs Liquidated in 1 Hour as ETH Dips Below $2K and BTC Slides to $72K"},"content":{"rendered":"

The cryptocurrency market is on the move again, and the direction is rather familiar and painful. Bitcoin just tanked to $72,000, marking a multi-month low, and the altcoins have followed suit after Trump\u2019s latest comments on the war against Iran.<\/p>\n

Expectedly, the total value of wrecked positions has jumped again, with $220 million worth of longs getting wrecked in just an hour.<\/p>\n

Crypto Market Drops Again<\/h2>\n

Recall that it was just eight days ago when the primary cryptocurrency stood at $81,000 before it was rejected 24 hours later and slumped by several grand to $75,600. On Friday, it dipped further to under $75,000. Nevertheless, it managed to stand close to $76,000 over the weekend before the bears regained control of the market at the start of the current business week.<\/p>\n

The culmination until today involved a slip<\/a> below $73,000 on Tuesday after the higher-than-expected CPI reading. Bitcoin tried to recover some ground yesterday when it neared $75,000, but another rejection followed<\/a> that drove it south to $73,500 earlier today. It dived once again minutes ago to $72,150 on most exchanges, after US President Donald Trump said<\/a> his country doesn\u2019t need a deal with Iran. Brent and WTI futures rose by over 1%, unlike the crypto markets.<\/p>\n

<\/a>BTCUSD November 12. Source: TradingView<\/p>\n

Many altcoins have taken even more severe beatings. ETH slid below $2,000 for the first time since August 19, while XRP came just inches away from dipping beneath $1.00. NEAR has dumped the most among the larger-cap alts, plunging by almost 10% to under $3.40. XMR, HYPE, ZEC, DOGE, and SOL are also well in the red.<\/p>\n

Liquidations Rise<\/h2>\n

The liquidations on a daily scale are up to $530 million, but $222 million out of that total came in the past hour alone. As typically happens under similar market conditions, longs are responsible for the lion\u2019s share, with $217 million. BTC leads the adverse trend with $92.61 million in wrecked positions, while ETH follows suit with almost $59 million. That\u2019s all in the past hour.<\/p>\n

The number of wiped-out traders is close to 110,000, while the single-largest liquidated position took place on Hyperliquid and was worth over $31 million. It involved the BTC\/USDT pair.<\/p>\n

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

\u00a0<\/p>\n

The post $220M in Longs Liquidated in 1 Hour as ETH Dips Below $2K and BTC Slides to $72K<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

The cryptocurrency market is on the move again, and the direction is rather familiar and painful. Bitcoin just tanked to $72,000, marking a multi-month low, and the altcoins have followed suit after Trump\u2019s latest comments on the war against Iran. Expectedly, the total value of wrecked positions has jumped again, with $220 million worth of […]<\/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-250699","post","type-post","status-publish","format-standard","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/250699"}],"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=250699"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/250699\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=250699"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=250699"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=250699"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}