Donald Trump’s winning odds lead on Polymarket have significantly narrowed, and Bitcoin's little price dump caused big liquidations.
Crypto market liquidations almost hit $350 million as Bitcoin briefly dipped below $69,000, with traders seemingly jittery in the lead-up to the United States presidential election.
In all, $349.78 million was liquidated across $259.7 million long bets and $90.08 million short bets on Nov. 3, according to CoinGlass. It’s the largest day of liquidations since Oct. 25, when Bitcoin (BTC) failed to sustain a rally past $70,000.
Bitcoin has seen a significant price swing over the last seven days, starting on Oct. 28 at around $67,700, then reaching a high of nearly $73,300 on Oct. 29 before dropping over the next few days with a brief dip to a low of $67,719 on Nov. 3.
