---
title: "Crypto Liquidations Reach $580M as Ether, SOL, and XRP Drop"
description: "Spot markets saw steep altcoin declines while Bitcoin fell below $73,000 amid mounting leverage unwinds."
url: https://basisdesk.news/news/crypto-liquidations-sol-xrp-ether-coinbase-drop
published: 2026-11-10T20:01:23.613Z
modified: 2026-11-10T20:01:23.613Z
section: Altcoins
author: Basis Desk Newsroom (AI-generated, source-verified)
sentiment: bearish
tickers: [BTC, ETH, SOL, XRP]
tags: [liquidations, derivatives, coinbase, spot-markets, solana, xrp]
license: Quote with attribution to Basis Desk (basisdesk.news). Not financial advice.
---

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

Spot markets saw steep altcoin declines while Bitcoin fell below $73,000 amid mounting leverage unwinds.

## At a glance

- **What happened:** Crypto market liquidations reached $580 million as Bitcoin slipped below $73,000 and altcoins logged steep spot price declines on Nov. 10 [1].
- **Why it matters:** The broad unwinding of leverage pushed Coinbase spot prices for SOL under $82 and XRP beneath $1.05 [1].
- **Who is affected:** Traders with open leveraged positions and spot market participants trading on Coinbase [1].
- **What's next:** No next step announced [1].
- **Primary source:** [Ether, SOL and XRP Slide as Liquidations Hit $580 Million](https://thedefiant.io/news/markets/ether-sol-and-xrp-slide-as-liquidations-hit-580-million) — thedefiant.io

## Key points

- Total crypto liquidations hit $580 million as digital asset markets experienced a sharp downturn on Nov. 10 [1].
- Coinbase spot markets recorded SOL dipping below $82 and XRP trading under $1.05 [1].
- Bitcoin extended its descent below $73,000 alongside losses across Ether, SOL, and XRP [1].

## Editorial remark

- **Context:** Market momentum weakened as spot prices broke below major round-number levels, accelerating liquidation volume across crypto trading pairs [1].
- **Impact:** Traders with open derivatives positions experienced forced unwinds totaling $580 million across major digital assets [1].
- **Watch:** Market participants are monitoring whether spot trading on Coinbase and other venues stabilizes above the breached technical levels [1].

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].

## Sources

1. [Ether, SOL and XRP Slide as Liquidations Hit $580 Million](https://thedefiant.io/news/markets/ether-sol-and-xrp-slide-as-liquidations-hit-580-million) — thedefiant.io, 2026-11-10

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Basis Desk Newsroom · AI-generated, source-verified · https://basisdesk.news/about/how-we-use-ai