bitcoin
Crypto Liquidations Surge as Bitcoin Falls Below $74K. How Bad Is It?
Bitcoin plunged toward $74,000 late Sunday as another wave of forced selling swept through crypto markets.
The latest crash comes as investors face several warning signs that the downturn could deepen. Bitcoin touched $73,708, its lowest since August, while Ethereum fell to $2,100.
CoinGlass data showed $855.69 million in liquidations over 24 hours. More than 140,000 traders were liquidated, with long positions accounting for 90.2% of losses.
Four warning signs suggest Bitcoin's troubles extend beyond excessive leverage. Crypto Market Liquidations on November 8, 2026.
Bitcoin Has Broken Its Critical Support Bitcoin has fallen below its short-term holder cost basis, estimated near $75,700 by Glassnode. This means many recent buyers are underwater.
Further declines could encourage them to sell, making a recovery harder. Institutional Investors Are Pulling Money Out US spot Bitcoin ETFs recorded approximately $1.28 billion in net outflows last week.
Friday alone saw $411.9 million withdrawn, including $403 million from BlackRock's IBIT. These withdrawals show that selling pressure extends beyond leveraged derivatives. Buyers Are Struggling to Defend Bitcoin Analysts warn that spot buyers have shown little aggression.
