bitcoin
$1B liquidated from crypto market as Bitcoin, Ethereum drop
More than $1 billion in leveraged positions were liquidated as Bitcoin, Ethereum, XRP, and Solana all fell below key price levels.
A widely shared market post put the wipeout at $1 billion in just 10 minutes. Broader derivatives data showed over $1.05 billion liquidated in the 24 hours leading up to November 6, 2026. The trigger wasn't a hack, a collapsed exchange, or a rogue tweet.
It came from Wall Street, where a sharp selloff in US tech and AI stocks dragged crypto down with it. Bitcoin hit an intraday low of $74,780.91 on November 6. That marked its weakest intraday level since August 21.
The world's largest crypto fell nearly 6% during the episode. Ethereum had it worse, sliding more than 7% to about $2,247. XRP and Solana also broke below critical support levels.
Long positions accounted for about $930 million of the total, or 88.2%. Bitcoin positions accounted for around $267 million in liquidations during the key session. Ethereum followed with about $167 million, and XRP and Solana added further losses on top.
