Bitcoin trader loses $15.6 million in liquidation as crypto and stocks plunge

A single Bitcoin trader suffered a loss of 201 BTC, valued at approximately $15.6 million, after a rapid series of eight forced liquidations during the November 5 market downturn. The event unfolded as a sharp Wall Street selloff coincided with steep declines in major cryptocurrencies, leading to widespread liquidations across the sector. BeInCrypto, a digital asset news platform, cited CoinGlass data showing that more than 209,000 traders experienced forced liquidations within 24 hours. The total value of these liquidations reached $1.08 billion, with the majority—$956 million—originating from long positions and $130.78 million from short positions.