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A trader suffered 7 liquidations over the past 10 hours, with cumulative liquidations of approximately $16.47 million in BTC and ETH.

BlockBeats news, November 15th, according to Lookonchain monitoring, trader 0xc05b suffered 7 liquidations in the past 10 hours, with cumulative liquidated positions including 172 BTC (approximately $11.03 million) and 2984 ETH (approximately $5.44 million).

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The main causes of this liquidation cascade may include: the cascading effect of high leverage positions, the liquidation cascade triggered by sharp market swings, and the dominance of long positions.

On-Chain Activity

13min ago

A trader suffered 7 liquidations over the past 10 hours, with cumulative liquidations of approximately $16.47 million in BTC and ETH.

18min ago

Four Whales Combined 'Buy the Dip' Over 116,000 ETH Amid Market Downturn

51min ago

Forward Industries transferred 1.78 million SOL, approximately $123 million, to Coinbase Prime 1 hour ago.

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Bottom-fishing whale '7 Siblings' once again spent $20 million to buy 10,925.6 ETH at an average price of $1,830.

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Strategy's Bitcoin holdings unrealized loss widens to $11.14 billion

Four Whales Combined 'Buy the Dip' Over 116,000 ETH Amid Market Downturn

In the past 24 hours, total liquidations across the network have surpassed $2 billion, with over 320,000 people liquidated.

Tom Lee: Factors such as the tech stock sell-off, the liquidity squeeze from the Anthropic IPO, and some holders cashing out after the $6.3 billion Binance hack have led to sustained selling pressure in the crypto market.

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