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Traders have witnessed a massive half-billion dollar amount of crypto liquidations in a day after Bitcoin dropped to its lowest price in the past week. 
According to Coinglass’s&nbsp;<a href="https://www.coinglass.com/LiquidationData" target="_blank" rel="nofollow">data</a>&nbsp;on Nov. 25, crypto traders have seen massive liquidation of about $553 million in the past day of trading. Traders with long positions have liquidated $413 million as Bitcoin price dropped to $92k, decreasing almost 5% in a day. 
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 <img loading="lazy" decoding="async" width="1024" height="624" src="https://crypto.news/app/uploads/2024/11/BTCUSDT_2024-11-26_08-06-21-1024x624.png" alt="Traders seen $553 million crypto liquidations as Bitcoin dropped $92k - 29" class="wp-image-14313867">
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 1 Day BTC price chart, September 10 – November 26, 2024 | Source: <a rel="" href="https://crypto.news/price/bitcoin/">crypto.news</a>
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</figure> 
The long positions in the last 12 hours and 4 hours have seen major crypto liquidation with $344 million and $140 million, respectively. The short positions in the past day also raised into triple digits, $138 million. 
Bitcoin (<a rel="" href="https://crypto.news/price/bitcoin/">BTC</a>) and Ethereum (<a rel="" href="https://crypto.news/price/ethereum/">ETH</a>) are the most significant contributors to crypto liquidation. At the time of writing, Bitcoin recorded $24 in both positions, while Ethereum recorded $11 in the long positions and $3 million in the short one. 
Around 169,879 crypto traders have liquidated in the past day, and traders from the Binance exchange are the most significant number of liquidations with $4.67 million in BTC/USDT pair. 
The crypto market capitalization in amount also dropped almost 3% to $3.23 trillion, and the trading volume is around $240 billion. 
 Read more: <a rel="" href="https://crypto.news/centralized-exchanges-face-a-hard-blow-amid-cooling-liquidations/"> Centralized exchanges face a hard blow amid cooling liquidations </a> 
<h2 class="wp-block-heading" id="crypto-liquidations-continue">Crypto liquidations continue</h2> 
Small market capitalizations of altcoins have seen a significant impact due to the crypto liquidations; around $100 million have been lost in the market. A total of $494 million <a rel="" href="https://crypto.news/small-cap-altcoin-liquidations-dominate-market-cap-falls-2-3/">was liquidated</a>&nbsp;on Nov. 24. 
This market-wide correction is considered normal conditions after the Bitcoin rally in the past month. Based on CoinMarketCap data today, Bitcoin still <a href="https://coinmarketcap.com/charts/bitcoin-dominance/" target="_blank" rel="nofollow">dominates</a> the market at 57.4%, and the <a href="https://coinmarketcap.com/charts/fear-and-greed-index/" target="_blank" rel="nofollow">crypto fear-greed index</a> showed 82 points, which indicates the market is in a highly greedy position. 
This wave momentum also potentially triggered further bullish as macro-economy conditions, specifically in the United States, are promising the future of crypto. It would also bring a positive sentiment towards the market after Bitcoin’s dominance dropped and impact the altcoins rally. 
 You might also like: <a rel="" href="https://crypto.news/trump-holds-7-million-in-crypto/"> Trump holds $7 million in crypto: Arkham Intelligence </a>

Traders seen $553 million crypto liquidations as Bitcoin dropped $92k

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