Crypto Liquidations Over $1.7B, Binance Sees Strong Inflows

Market Overview - The crypto market is experiencing high volatility, negatively impacting both small-cap tokens and leading assets, with the global crypto market cap dropping by 2% to $3.39 trillion and a total loss of $840 billion over the past 30 days [1] Liquidation Data - The recent selloff resulted in $1.73 billion in liquidations within 24 hours, with $1.32 billion attributed to long positions; Ethereum led with $573.91 million in liquidations, while Bitcoin followed with $499.89 million [2][3] - Over 430,000 traders have been liquidated during this period [3] Investor Sentiment - Despite the market crash, Binance recorded a net inflow of 8,403 BTC (approximately $855 million), indicating that some investors are preparing to sell Bitcoin due to market volatility [4] - Additionally, 809 million USDT entered Binance, suggesting a potential buying spree as some investors view the current situation as a buying opportunity; social sentiment has shifted towards "buying dips with confidence" [5] Large Investor Activity - Large investors continued their selloff on November 4, but the shift in sentiment could trigger a buying spree in the near future [6]