Bitcoin's Slide to $75,700 Triggers $1.1 Billion in Liquidations

Bitcoin (BTC) fell to $75,700 Thursday, Nov. 5, as crypto liquidations reached $1.1 billion over 24 hours, reversing a move that had taken the asset to $80,000 the day before. Nearly 211,000 crypto positions were forcibly closed during that period. In the heaviest four-hour stretch, $879.92 million in positions were liquidated, including $818.90 million in long positions, which bet on prices rising. Spot Bitcoin ETFs recorded outflows of $643.2 million on Oct. 30, $398.6 million on Nov. 2 and $115.6 million on Nov. 3, totaling $1.16 billion. The funds posted a net inflow of $74.6 million on Nov. 4. Fidelity's FBTC took in $236.7 million, while BlackRock's IBIT saw $201.2 million leave the fund.

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