Crypto Market Liquidations Hit $407M in 12 Hours, Longs Account for $359M

The cryptocurrency market saw $407 million in liquidations over 12 hours on Nov. 17, with long positions accounting for $359 million and shorts for $48.38 million, Coinglass data show. Over 24 hours, 159,006 traders were liquidated for $580 million. The largest single liquidation was a $29.98 million BTC-USD position on Hyperliquid.