[Crypto Market Sees Over $1.27 Billion in Liquidations in 24 Hours, Long Positions Exceed $1.1 Billion] According to a report by CoinDesk on November 6th, over $1.27 billion in cryptocurrency derivatives positions were liquidated in the past 24 hours, with long positions exceeding $1.1 billion. The report points out that leverage exacerbated the market decline. The US Bitcoin spot ETF saw a net outflow of $430.2 million on November 5th, indicating that institutional demand failed to fill the market gap.