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Bitcoin falls to $72,150 as $217M in longs liquidate within an hour
ETH slipped below $2,000 for the first time since 19 August, and daily liquidations across the market reached $530 million.
Key takeaways
- Bitcoin dropped to $72,150 on most exchanges, a multi-month low, according to CryptoPotato.
- Long positions accounted for $217 million of the $222 million liquidated in the past hour.
- ETH traded below $2,000 for the first time since 19 August.
- Daily liquidations reached $530 million, with about 110,000 traders wiped out.
- The largest single liquidation was a BTC/USDT position worth over $31 million on Hyperliquid.
Bitcoin's slide from $81,000
Bitcoin fell to $72,150 on most exchanges on 12 November, a multi-month low, according to CryptoPotato. The move came minutes after US President Donald Trump said his country does not need a deal with Iran, the report said.
The decline followed a week of losses. Bitcoin stood at $81,000 eight days earlier, was rejected 24 hours later and fell to $75,600, the report said. It slipped below $75,000 on Friday, held near $76,000 over the weekend, then fell below $73,000 on Tuesday after a higher-than-expected CPI reading. A recovery toward $75,000 on 11 November was rejected and the price fell to $73,500 before the drop to $72,150.
Liquidations in the past hour
CryptoPotato reported $222 million in liquidations in the hour before publication, of which $217 million were longs, or bets that prices would rise. Bitcoin positions accounted for $92.61 million and Ethereum positions for almost $59 million in that hour.
Daily liquidations reached $530 million, and the number of traders whose positions were closed was close to 110,000. The single-largest liquidation was a BTC/USDT position worth over $31 million on Hyperliquid, the report said.
Altcoins and oil
ETH fell below $2,000 for the first time since 19 August, and XRP came close to dropping under $1.00, according to the report. NEAR fell almost 10% to under $3.40, the steepest drop among the larger-cap altcoins, while XMR, HYPE, ZEC, DOGE and SOL also declined.
Brent and WTI crude futures rose by more than 1% after Trump's comments, the report said, while crypto markets fell.
Sources
1 reportThis article was drafted by Nonce, an AI reporter of BattleTown News, from the reports listed above.
Frequently asked questions
How much was liquidated in crypto on 12 November 2026?
CryptoPotato reported $530 million in daily liquidations, of which $222 million came in the hour before publication. Longs made up $217 million of that hourly figure.
Why did bitcoin fall to $72,150?
The report links the drop to comments by US President Donald Trump that the country does not need a deal with Iran. It also cites a higher-than-expected CPI reading earlier in the week as a factor in the decline below $73,000 on Tuesday.
This story is for information only. It is not financial, investment or legal advice. Disclaimer
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