Solana

Bitcoin

Dogecoin

Drops

Bitcoin’s price has dipped below $92,000, erasing some of its recent gains from a rally that saw it approach $99,000 last week. The correction has triggered a wave of liquidations totaling $693 million in the past 24 hours, with $577 million in long positions and $133.87 million in shorts being wiped out. 
Approximately 226,244 traders were liquidated, with the largest single liquidation order—valued at $4.67 million—occurring on Binance in the BTCUSDT pair. 
<div class="wp-block-image"> 
 <figure class="aligncenter size-full">
 <img decoding="async" width="1340" height="478" src="https://www.cryptotimes.io/wp-content/uploads/2024/11/Liquidation-Chart.png" alt="Liquidation Chart" class="wp-image-217712" srcset="https://www.cryptotimes.io/wp-content/uploads/2024/11/Liquidation-Chart.png 1340w, https://www.cryptotimes.io/wp-content/uploads/2024/11/Liquidation-Chart-420x150.png 420w, https://www.cryptotimes.io/wp-content/uploads/2024/11/Liquidation-Chart-860x307.png 860w" sizes="(max-width: 1340px) 100vw, 1340px">
 <figcaption class="wp-element-caption">
 Source: <a href="https://www.coinglass.com/LiquidationData" target="_blank" rel="noreferrer noopener nofollow">Coinglass</a>
 </figcaption>
 </figure>
</div> 
Other major cryptocurrencies also faced sharp liquidations: Ethereum ($95.61M), Dogecoin ($43.73M), XRP ($27.89M), and Solana ($35.45M) all posted substantial losses. 
Bitcoin is currently <a href="https://coinmarketcap.com/currencies/bitcoin/" target="_blank" rel="noreferrer noopener nofollow">trading</a> at $91,895, down 6% in the last 24 hours, bringing its market cap to $1.82 trillion. Despite the pullback, Bitcoin remains up 31% since the start of November, reflecting strong overall market momentum fueled by altcoin rallies and memecoins, which recently surged by as much as 20%. 
Market analysts note that while the current dip may reflect a cooling-off period, Bitcoin’s trajectory in recent weeks showcases its resilience amid heightened speculative interest. 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 Also Read: <a href="https://www.cryptotimes.io/2024/11/26/bitcoin-btc-100000-deja-vu-all-it-needs-is-a-little-push/" target="_blank" rel="noreferrer noopener">Bitcoin (BTC) $100,000 Deja Vu: All it needs is a little push</a> 
</blockquote>

Bitcoin Drops Below $92K, $693 million Longs Liquidated

The Crypto Times

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