📢 Flash
Bitcoin plunged to $73,510—its lowest intraweek level—just before the weekly candle closed, triggering $715 million in long liquidations within one hour; ETH/BTC simultaneously crashed 4.22%.
On November 9, HTX market data showed that Bitcoin staged a sharp intraday “flash crash” just before closing its daily and weekly candles this morning—plummeting 2.77% within 15 minutes to a low of $73,510, before gradually rebounding to the price level where the decline began. It currently trades at $75,418.
According to Coinglass data, $745 million in liquidations occurred within that one-hour window—overwhelmingly long positions ($715 million), while short positions accounted for only $29.62 million. Bitcoin and Ethereum led the liquidation totals, with $343 million and $229 million wiped out respectively.
Notably, Ethereum exhibited even weaker performance during this flash crash: it plunged 7.3% in 15 minutes, hitting a low of $2,060, but later recovered only partially—narrowing losses to just 2.42% at its peak rebound. It now trades at $2,151, still down 3.22% from its pre-crash level. Data also shows the ETH/BTC ratio dropped 4.22% during the event, currently standing at 0.0285—the lowest since September’s peak.
According to Coinglass data, $745 million in liquidations occurred within that one-hour window—overwhelmingly long positions ($715 million), while short positions accounted for only $29.62 million. Bitcoin and Ethereum led the liquidation totals, with $343 million and $229 million wiped out respectively.
Notably, Ethereum exhibited even weaker performance during this flash crash: it plunged 7.3% in 15 minutes, hitting a low of $2,060, but later recovered only partially—narrowing losses to just 2.42% at its peak rebound. It now trades at $2,151, still down 3.22% from its pre-crash level. Data also shows the ETH/BTC ratio dropped 4.22% during the event, currently standing at 0.0285—the lowest since September’s peak.
