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Crypto markets dropped after the Trump–Xi talks and Powell’s remarks, sparking $614M in long liquidations.Bitcoin and Ethereum Drop as Sentiment Turns to Fear

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- 14:25In the past 4 hours, total liquidations across the network reached $89.04 million, with short positions accounting for only $5.016 million.BlockBeats News, October 30, according to Coinglass data, in the past 4 hours, the total amount of liquidations across the network reached $89.0437 million, with long positions liquidated for $84.0273 million and short positions liquidated for $5.0164 million. In the past 24 hours, a total of 178,891 people worldwide were liquidated, with the total liquidation amount reaching $889 million. The largest single liquidation occurred on Hyperliquid - BTC-USD, valued at $21.4298 million.
- 14:25The European Central Bank keeps interest rates unchanged.BlockBeats News, October 30, the European Central Bank has kept the deposit facility rate unchanged at 2%, in line with market expectations, marking the third consecutive meeting with no changes. The main refinancing rate and the marginal lending rate remain unchanged at 2.15% and 2.40%, respectively.
- 14:25If Ethereum falls below $3,700, the cumulative long liquidation intensity on major CEXs will reach $722 millions.BlockBeats News, October 30, according to Coinglass data, if Ethereum falls below $3,700, the cumulative long liquidation intensity on major CEXs will reach 722 millions. Conversely, if Ethereum breaks through $4,000, the cumulative short liquidation intensity on major CEXs will reach 1.623 billions. BlockBeats note: The liquidation chart does not show the exact number of contracts to be liquidated or the precise value of contracts being liquidated. The bars on the liquidation chart actually represent the relative importance, or intensity, of each liquidation cluster compared to nearby clusters. Therefore, the liquidation chart shows the extent to which the underlying price reaching a certain level will be affected. A higher "liquidation bar" indicates that once the price reaches that level, there will be a stronger reaction due to a wave of liquidity.