24-Hour Liquidations Total $86.9994 Million; Long Positions Account for 60.8%

Crypto derivatives markets saw roughly $87.0 million in liquidations over the past 24 hours, with long positions accounting for about 60.8% ($52.9 million) versus $34.1 million in shorts, per CoinGlass data reported by PANews on November 1. The long-short liquidation gap stood at approximately $18.8 million, indicating that leveraged longs bore the brunt of the unwind. Bitcoin (BTC) liquidations totaled $13.8 million and Ethereum (ETH) $12.7 million, together representing about 30.5% of the total, suggesting the selling pressure was spread across smaller-cap altcoins rather than concentrated in the two largest assets. The skew toward long liquidations points to a modest pullback in prices that caught overleveraged bullish traders off guard. Market watchers should monitor whether long liquidations continue to dominate, which could signal further downside pressure, or whether shorts begin to be flushed in a rebound.