Crypto Traders Held Positions After $2B November Crypto Wipeout
Cryptocurrency traders maintained positions despite $2 billion in liquidations on November 21, marking a departure from historical patterns where similar events triggered mass exits.
Data from Coinglass shows 391,000 traders lost positions as Bitcoin’s (BTC) plunged to $81,050 from $92,000.
Long positions accounted for $1.78 billion of liquidations versus just $129 million in shorts.
Bitcoin led with $960 million in liquidations, followed by Ethereum (ETH) at $403 million and Solana (SOL) at $100 million.
What Happened
The Crypto Fear & Greed Index hit 11, matching extreme fear levels last seen during FTX’s November 2022 collapse.
Bitcoin ETFs recorded $3.79 billion in November outflows, surpassing February’s previous record.
However,…
