Crypto market sees $122.75 million in leveraged positions liquidated over 24 hours

Crypto leveraged positions worth $122.75 million were liquidated across the market in the 24 hours to 04:56 KST on November 4, 2026, according to CoinGlass, with long liquidations of $65.74 million (53.55%) outpacing short liquidations of $57.01 million. Bitcoin rose 0.90% to $77,446 and Ethereum gained 1.82% to $2,283 over the same period. The lopsided long share indicates bullish positioning was caught offside even as prices advanced, pointing to choppy, leverage-heavy conditions rather than a clean directional move. Traders will watch whether funding rates and open interest cool off, and whether BTC holds above the $77,000 level, to gauge if liquidation pressure eases.