Liquidations across the entire network surged to $869 million in the past 4 hours, surpassing $1 billion within the last 24 hours.

According to Coinglass data, the total liquidations across all exchanges over the past 4 hours reached $869 million on November 5—$810 million in long positions and $58 million in short positions. Over the past 24 hours, total liquidations exceeded $1 billion, affecting 199,054 traders. The largest single liquidation occurred on Binance’s ETHUSDT perpetual contract, amounting to $10.9364 million.