CryptoMediumUpdated×2•Originally published 6 November 2026•Updated 6 November 2026•
1 min read
$1.1 Billion in Crypto Longs Liquidated Amid Persistent Spot ETF Outflows
Key Facts
1Over $1 billion in bullish bets (longs) were liquidated across the cryptocurrency market.
2ETF flows suggest a lack of support in the spot market to offset derivative liquidations.
Cryptocurrency long liquidations reached $1.1 billion within a 24-hour window, CoinDesk reported. The massive liquidation of derivative positions occurred as institutional investors continued to withdraw funds from spot Bitcoin ETFs.
Active outflows from exchange-traded funds indicate a withdrawal of institutional support necessary to offset derivative liquidations. This lack of buying pressure in the spot market contributed to the heightened price volatility observed on November 6, 2026.
Latest Updates · 1
- Notable·
Update: Bitcoin futures open interest fell 1.88% to $52.04 billion on November 6, 2026. This contraction in positioning occurred as the asset's price declined to the $75,783 level.