Crypto Market Sees $41.51M in Liquidations Over 4 Hours, Shorts Account for $33.38M

Cryptocurrency traders faced $41.51 million in liquidations during a four-hour period on November 12, with short positions accounting for $33.38 million and long positions $8.13 million, Coinglass data show. Over the past 24 hours, 130,590 traders were liquidated with total losses reaching $422 million. The largest single liquidation occurred on Bitfinex's tBTCF0:USTF0 pair, valued at $12.85 million.