Crypto Liquidations Reach $580M as Ether, SOL, and XRP Drop

Broad-based selling across crypto derivative and spot markets triggered $580 million in total liquidations as altcoins declined sharply on Nov. 10, according to data reported by The Defiant ¹. The market-wide pressure pulled key layer-1 assets downward alongside $BTC Bitcoin, which extended its decline beneath the $73,000 threshold ¹.

Spot trading activity on Coinbase showed $SOL Solana falling below $82 and $XRP Ripple slipping under $1.05 during the selloff ¹. Bitcoin also registered levels under $73,000 as selling momentum spread across spot trading pairs ¹. Market pricing at the time of writing placed $BTC around $72,850, representing a 2.2% drop over 24 hours, while $ETH was changing hands near $2,018, down 4.7% over the same timeframe.

Market Pressures Mount

The wave of forced contract liquidations, totaling $580 million, hit market participants holding leveraged exposure across major digital assets ¹. Pricing pressures were not confined to a single token, as declines simultaneously impacted Ether, SOL, and XRP ¹. Spot prices recorded on Coinbase reflected the spillover across major exchange pairs as bid depth thinned ¹. At the time of writing, $SOL traded at $81.97, reflecting a 4.9% decline over 24 hours, while $XRP stood at $1.05 following a 3.8% intraday reduction.

The leverage flush coincides with broader weakness across crypto spot desks. At the time of writing, the broader crypto market capitalization sat near $2.41 trillion, while the Crypto Fear & Greed index recorded a level of 32, signaling pervasive fear across trading desks. No specific subsequent dates or recovery targets were reported in connection with the liquidation totals ¹.