BTC Drops to $98K as $658M Liquidations Shake Crypto Market
Cryptocurrency markets recorded $657.88 million in liquidations over 24 hours as Bitcoin dropped to $98,377 on Nov. 13, according to CoinGlass data.
Long positions accounted for $533.57 million of forced closures, while shorts represented $124.31 million. The liquidation cascade accelerated from $513.15 million at the 12-hour mark.
CoinGecko API data shows the cryptocurrency reached its third sub-$100,000 low of November on Nov. 13 at $98,377, following breaches to $99,607 on Nov. 4 and $99,377 on Nov. 7. The November lows mark a 22% correction from the Oct. 6 peak of $126,080.
Ethereum traded at $3,267, Solana at $147.91, and XRP at $2.36 on Nov. 13, according to CoinGecko data. The broader cryptocurrency market experienced…
