# Bitcoin liquidations hit $1.3bn

> Bitcoin liquidations reached $1.3 billion in a single 24-hour session, marking a record spike in market wipeouts.
- Title: Bitcoin liquidations hit $1.3bn · The Economic Times
- Summary: Bitcoin liquidations reached $1.3 billion in a single 24-hour session, marking a record spike in market wipeouts.
- Keywords: bitcoin, liquidations, futures exchanges, crypto bets, leverage trading, etf outflows, binance hack, The Economic Times
- Source: The Economic Times — https://economictimes.indiatimes.com/markets/cryptocurrency/crypto-news/bitcoins-billion-dollar-wipeouts-are-becoming-a-familiar-sight/articleshow/135822462.cms
- Author: Bloomberg
- Published: 2026-11-14T04:16:00+00:00
- Read time: 1 min
- Topics: bitcoin, liquidations, futures exchanges, crypto bets, leverage trading, etf outflows, binance hack, money, business
## Bitcoin liquidations surge
Bitcoin liquidations have topped $500 million on 13 occasions over the past year, including three instances exceeding $1 billion.
## Friday liquidation event
Friday triggered $1.3 billion in liquidations, with Bitcoin positions accounting for the majority of the sum.
## Market fragility factors
ETF outflows, AI-fueled risk-off mood, and the $6 billion Binance hack contribute to market fragility.
## Bitcoin price drop
Bitcoin fell as much as 5.4% to $67,600, its lowest level since August.
## Leveraged trading risks
Crypto investors using leveraged bets face intensified wipeouts from market-moving macro headlines.
## Derivatives dominance
Derivatives account for roughly three-quarters of trading volume across crypto markets.
## Market stability concerns
Some analysts caution that large liquidations reflect leverage distribution, not underlying asset fragility.
## Key takeaway

Bitcoin liquidations exceeded $1 billion three times in the past year, with a $1.3 billion wipeout on Friday.