According to reports, Bitcoin, the world's largest cryptocurrency by trading volume, was trading at $64,733.68 on Binance, the world's largest cryptocurrency exchange by trading volume. This represented a decline of approximately 6 per cent compared with the previous day.
Two days earlier, Bitcoin had also fallen below $70,000 for the first time since August 20 this year, while Ethereum dropped below the $2,000 level.
According to data from CoinGlass, positions worth a total of $901.89 million held by 125,760 traders were liquidated across global cryptocurrency exchanges over the past 24 hours.
Hyperliquid accounted for the largest share of these liquidations, with positions worth $317.88 million wiped out on the platform.
Of the total liquidated amount, approximately $772 million came from long positions, while $129.8 million was linked to short positions.
The largest single liquidation order during the past 24 hours was recorded on Hyperliquid in the Bitcoin-Tether trading pair (BTCUSDT), with a value of $31.09 million.
According to CoinMarketCap, the total cryptocurrency market capitalisation stood at $2.36 trillion. Bitcoin accounted for $1.41 trillion of the total, while Ethereum's market capitalisation was recorded at $243.26 billion.
