Crypto Liquidation Spikes: Over $1.7B Wiped Out as Bitcoin Approaches $80K
On 21 November 2025, the crypto market saw one of its biggest shake-ups of the year. More than $1.7 billion in leveraged positions were wiped out in a single trading wave. This happened as Bitcoin moved close to the $80,000 mark, a level many traders were watching closely. The fast jump in price caught both long and short traders by surprise. Many positions were liquidated within minutes.
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