CoinGlass Snapshot Shows $1B Liquidations Early On 9th November

CoinGlass reported about $1.02B of liquidations over the preceding 24 hours at 03:08 UTC on 9th November, with long positions accounting for about 90% of the total. Its live dashboard showed $913.94M in long liquidations and $101.70M in shorts, and reported 149,724 traders liquidated across its covered venues.

Long positions can gain when prices rise, while shorts can gain when prices fall. The figures describe forced position closures, rather than an equivalent reduction in the total value of crypto assets. Ethereum (ETH) accounted for $448.55M in the dashboard's coin breakdown and Bitcoin (BTC) for $272.56M.

The rolling 12-hour total was $983.26M. That indicates most of the displayed 24-hour amount fell within the more recent half of the window; it does not place the entire amount in a single brief price move. These are overlapping windows, so their totals cannot be added together.

Liquidation begins when the funds supporting a leveraged position fall below the required minimum. Hyperliquid's liquidation documentation gives one concrete example: positions are first sent to its order book for closure, and collateral can remain if the account again meets the requirement. The value of positions closed is therefore different from the amount of a trader's collateral lost.

CoinGlass says its data comes from public channels and exchange interfaces. Its methodology note says Binance and OKX limit liquidation-data updates to at most one per second. This can cause aggregation or slight delays during volatility. The dashboard figures describe its observed coverage.

Bitcoin's Daily Chart

At 03:37:20 UTC, the Coinbase Bitcoin against US dollar chart on TradingView showed $74,967.33. The forming 9th November daily candle had opened at $74,756.52, reached $75,500 and traded as low as $74,388.03. The chart reported a 0.29% daily gain at that observation.

At 05:29:50 UTC on 9th November, the Coinbase Exchange BTC-USD ticker reported a price of $74,446.67. That separate later exchange observation was below the $74,722 historical reference and above the $74,388.03 intraday low shown in the earlier TradingView snapshot.

In the 03:37:20 UTC snapshot, the daily chart showed lower peaks after the late September high and a failed early November rebound. The small positive move within that forming candle had not reversed that wider sequence. The spot chart and derivatives liquidation totals measure different things and do not establish a cause for either move.

The earlier assessment, based on TradingView history saved on 7th November, used the 6th November low of $74,722 as support and the 30th October low of $76,141.02 as the first recovery reference. At the 03:37:20 UTC observation, Bitcoin had traded below the former during the day but stood back above it, while remaining under the latter.

Conditions In The Dated Chart Assessment

A daily close above $76,141.02 would recover that earlier price reference. A subsequent move through the 4th November high of $81,130.79 would break above the rebound that preceded the latest decline. These levels come from completed historical candles, rather than an estimate taken from chart pixels.

Conversely, a daily close below $74,722 would fail the earlier closing-price condition. In that dated assessment, trading below the session's then-observed $74,388.03 low would extend its range lower. The 03:37:20 UTC candle was unfinished, so its intraday recovery could not establish a completed daily result.

Inflation Releases Ahead

The Bureau of Labor Statistics November calendar schedules October consumer prices and Real Earnings for 10th November at 13:30 UTC, followed by October producer prices on 13th November at the same time.

Bored Node's report on October US employment covers the preceding labour release. Its separate stablecoin supply report examines circulating dollar tokens through 6th November, a different liquidity measure from forced derivative closures.