Liquidations reached $947 million in a day as Bitcoin plummeted below $85,500.
- On November 21, the price of Bitcoin fell below $85,500.
- Against this backdrop, the volume of liquidations on the crypto market amounted to $947 million in 24 hours.
- Most of the liquidations were suffered by traders with long positions.
On November 21, 2025, the price of Bitcoin fell below $85,500. Over the course of the day, the asset's value fell by 7%, while trading volume increased by almost 20%, according to CoinMarketCap at the time of writing. This decline in the crypto market resulted in liquidations totaling $947 million.
Liquidations volume for futures contracts in the cryptoasset market. Source: CoinGlass.
A total of 251,552 traders suffered losses on futures contracts. Over $829 million was lost on long positions across most assets. Meanwhile, short positions lost $117.24 million.
The share of losses among Bitcoin and Ethereum traders amounted to $455.72 million and $210.56 million, respectively.
The cryptocurrency is trading at $85,494, according to TradingView at the time of writing.
BTC/USDT daily chart on Binance. Source: TradingView.
As a reminder, on October 5, the price of Bitcoin exceeded $125,000 and set a historical maximum, and on November 14, the asset was trading below $95,000 for the first time in more than six months.
Meanwhile, capital outflow from Bitcoin ETFs amounted to more than $1.1 billion in a week, and CryptoQuant reported that new Bitcoin investors sold 148,241 BTC at a loss.
Source: cryptonews.net
