#Bitcoin $BTC just gave traders the ol’ heart stopper, dipping under $69,000 and unleashing a $350 million liquidation storm. The lead-up to the U.S. presidential race has got the market jittering with volatility, serving up a wild day for bulls and bears alike.
Longs and Shorts Get Rekt in Liquidation Frenzy
On Nov. 3, liquidations spiked to a cool $349.78 million, with long positions tanking the hardest, totaling $259.7 million. Shorts weren’t spared either, losing $90.08 million, as per CoinGlass. This liquidation chaos hasn’t been seen since Oct. 25, back when Bitcoin got slapped down after trying to stay above $70,000.