Crypto liquidations hit $1 billion as Bitcoin briefly slips below $75,000

Crypto market liquidations surged above $1 billion as Bitcoin briefly fell below $75,000 on November 6, marking its lowest intraday level in more than two months. The sharp move coincided with broad declines in technology shares, prompting an increase in leveraged position liquidations across major cryptocurrencies. Bitcoin’s intraday low reached $74,780.91, the weakest point for the asset since August 21. At the time Decrypt published its report at 16:34 UTC, Bitcoin was trading near $75,570. The drop came amid a rapid selloff in technology stocks and concerns over wider market sentiment. Over the previous 24 hours, Decrypt tallied $1.05 billion in total crypto liquidations, with $930.04 million originating from long positions. Bitcoin accounted for $267.20 million of those liquidations, while Ethereum followed with $167.14 million.

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