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The post <a href="https://cryptosnewss.com/bitcoin-and-ethereum-surge-leads-to-over-280m-in-crypto-market-liquidations/" rel="noopener noreferrer nofollow">Bitcoin and Ethereum Surge Leads to Over $280M in Crypto Market Liquidations</a><a href="https://cryptosnewss.com/solana-on-the-rise-can-sol-hit-250-in-the-coming-week/" rel="noopener noreferrer nofollow"> </a>appeared first on<a href="https://cryptosnewss.com/" rel="noopener noreferrer nofollow"> Cryptos Newss</a>.<ul><li>In the last few days, short positions have taken consecutive hits.</li><li>The market could see more liquidations as more assets break into new price levels.</li></ul>The crypto market experienced another round of significant liquidations in the last trading session on the 9th of November, driven by movements in major coins like <a href="https://cryptosnewss.com/category/bitcoin-news/" rel="noopener noreferrer nofollow">Bitcoin [BTC]</a> and <a href="https://cryptosnewss.com/category/ethereum-news/" rel="noopener noreferrer nofollow">Ethereum [ETH]</a>.The market reacted strongly as these assets pushed into new price levels, leading to substantial liquidations, particularly for short positions.With indicators like the Fear and Greed Index approaching extreme levels, market watchers are bracing for potential further liquidations.<h2 id="header-0">Market liquidations surpass $280 million</h2>On the 6th of November, as Bitcoin reached a new all-time high of $76,000, market liquidations spiked, reaching over $600 million.This included nearly $427 million in short liquidations, marking the highest short liquidation level in over six months. Long liquidations totaled approximately $184 million.More recently, on the 9th of November, market liquidations remained elevated, surpassing $280 million.According to data from <a href="https://www.coinglass.com/LiquidationData" rel="noopener noreferrer nofollow">Coinglass</a>, short positions continued to bear the brunt, accounting for about $189 million of the total liquidation volume.In comparison, long liquidations stood at around $92 million. As of the latest update, short liquidation volume was close to $120 million, with long liquidation volume at approximately $22 million.This pattern suggests that short traders are facing significant losses as they bet against the upward movement in major crypto assets.<h2 id="header-1">Major assets hit by market liquidation</h2>Over the past 24 hours, Bitcoin’s price has risen by more than 3%, edging close to the $80,000 mark—a new all-time high.Coinglass data shows that Bitcoin led the liquidation volumes, with over $100 million in total liquidations within the past day.Short liquidations for Bitcoin alone reached $87 million, while long liquidations totaled around $13 million.Ethereum also recorded substantial liquidation volumes, ranking second after Bitcoin. Ethereum saw more than $56 million in short liquidations and an additional $13 million in long liquidations.Other assets affected by significant liquidation volumes included Dogecoin, which experienced around $16.7 million in short and $4 million in long liquidations.Solana [SOL] and Sui [SUI] both faced substantial liquidation volumes as well, with short positions at $13 million and almost $13 million, respectively, while long liquidations were $3.7 million and $1.3 million.<h2 id="header-2">What’s next for the market?</h2>The current levels of market liquidation are influenced by heightened investor sentiment, as indicated by the crypto Fear and Greed Index. At the time of writing, the index stands at 78, reflecting a state of “extreme greed.”This heightened positive sentiment, coupled with fear of missing out (FOMO), is pushing more traders into active positions, which, in turn, could lead to additional market liquidations.As the market shows signs of overheating, traders and investors should remain cautious.The increased activity could drive prices higher, but it also raises the likelihood of more liquidations if the market corrects or reverses.With Bitcoin nearing record highs and other major assets following suit, the potential for volatility remains high.If the Fear and Greed Index continues to climb, the crypto market may see even more substantial liquidations in the coming days, especially among leveraged positions.The post <a href="https://cryptosnewss.com/bitcoin-and-ethereum-surge-leads-to-over-280m-in-crypto-market-liquidations/" rel="noopener noreferrer nofollow">Bitcoin and Ethereum Surge Leads to Over $280M in Crypto Market Liquidations</a> appeared first on <a href="https://cryptosnewss.com/" rel="noopener noreferrer nofollow">Cryptos Newss</a>.

Bitcoin and Ethereum Surge Leads to Over $280M in Crypto Market Liquidations

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