After a tough October that did not produce expected earnings “Uptober”. in order Bitcoin and other leading crypto assets, November got off to a rough start.
Major crypto assets are deep in the red until Monday, with Bitcoin diving by 4% and altcoins showing much bigger losses. All the while, the liquidations are piling up, with about $1.16 billion of positions zapped in the last 24 hours per data from CoinGlass.
Most of the positions, $1.08 billion, are long positions, or bets that the price of an asset will rise. Bitcoin and Ethereum are currently leading the charge, with approximately $298 million and $273 million in liquidations, respectively.
Bitcoin fell 4% on the day to a recent price of $105,699the lowest since October 17, per CoinGecko.
ethereum and other alts were hit much harder, however, with ETH diving about 7% to $3,583 – a nearly three-month low. XRP is down about 7% to $2.33, while BNB, Solana, and Dogecoin are all showing daily dives of about 9% as of this writing.
Editor’s note: This story is breaking and will be updated with additional details.
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