<h2 id="quick-take">Quick Take</h2>
Bitcoin’s market performance on Nov. 14 presented a notable shift, dipping below $35,000, marking a 9% decrease from its YTD high of just below $38,000. This aligns with a previously discussed premise on CryptoSlate that bull market periods may experience corrections of up to <a href="https://cryptoslate.com/insights/despite-120-ytd-growth-bitcoins-path-may-follow-historical-market-corrections/" rel="noopener noreferrer nofollow">20%</a>, signifying a natural market adjustment.
However, a massive liquidation was recorded within the same 24-hour window with the depreciation. Over $120 million worth of Bitcoin got liquidated, dominated by a significant $264 million long liquidation in the total crypto market. Since August, this occurrence has been the largest of its kind, highlighting the volatility ingrained in the digital asset’s market landscape.
The OKX exchange platform was the main stage for these liquidations, accounting for a lion’s share of about $167 million.
<figure id="attachment_373939" aria-describedby="caption-attachment-373939" style="width: 100%" class="wp-caption aligncenter"><img decoding="async" class="wp-image-373939 size-full" src="https://cryptoslate.com/wp-content/uploads/2023/11/lll.png" alt="Liquidations: (Source: Coinglass)" width="1261" height="358" srcset="https://cryptoslate.com/wp-content/uploads/2023/11/lll.png 1261w, https://cryptoslate.com/wp-content/uploads/2023/11/lll-300x85.png 300w, https://cryptoslate.com/wp-content/uploads/2023/11/lll-1024x291.png 1024w, https://cryptoslate.com/wp-content/uploads/2023/11/lll-768x218.png 768w" sizes="(max-width: 1261px) 100vw, 1261px">
 <figcaption id="caption-attachment-373939" class="wp-caption-text">
 Liquidations: (Source: Coinglass)
 </figcaption>
</figure>
The post <a href="https://cryptoslate.com/insights/record-single-day-liquidation-of-300m-as-bitcoin-slipped-under-35k/" rel="noopener noreferrer nofollow">Record single-day liquidation of $300M as Bitcoin slipped under $35K</a> appeared first on <a href="https://cryptoslate.com" rel="noopener noreferrer nofollow">CryptoSlate</a>.

Record single-day liquidation of $300M as Bitcoin slipped under $35K

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