Crypto liquidations reach $1.23 billion as total market value falls 5.75%
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What happened
Liquidations totalled $1.23bn over 24 hours per Coinglass, with $1.02bn on long positions. Bitcoin accounted for $637.24m (90.8% longs) and Ethereum $256.52m; the largest single order was a $17.81m ETH short on Binance, closed at $1,979.21. BTC traded at $67,623 against its 200-week SMA near $67,922, with support at $66,000–$67,000 and then $62,300; a weekly close below the average this Sunday could expose a deeper retest. ETH at $1,903.78 sits below $1,920.51 Fibonacci support, with the next level at $1,832.78. MSCI removes Strategy from its benchmark indexes on November 30, and the Federal Reserve announces its rate decision on December 9.
For experienced traders · Written by AI from 3 sources · Wrong?
What to do
- Watch whether Bitcoin holds its 200-week average on this Sunday's weekly close.
- Note that MSCI drops Strategy from its benchmark indexes on November 30.
- Watch the Federal Reserve rate decision due on December 9.
Written by AI from the sources, checked against them
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Who reported · 3 outlets
Who and what is in it
Government agencies