Bitcoin fell below $75,000; volume of cryptocurrency position liquidations exceeded $1 bln
09.11.2026 16:25
On November 9, 2026, the Bitcoin price fell below $75,000 amid an ongoing outflow of funds from cryptocurrency ETFs, sell-offs in global financial markets, and forced liquidations of leveraged traders’ positions.
Late on the evening of November 8, Bitcoin dropped to $73,708, hitting its lowest level since August of this year.
During morning trading on November 9, the largest cryptocurrency hovered around $74,000–$75,000, remaining under pressure from sellers.
Ethereum saw a significant decline. During Sunday’s trading session, its price fell by approximately 5%, also hitting its lowest level since August.
According to the analytical platform CoinGlass, as of the morning of November 9, the total volume of position liquidations in the cryptocurrency derivatives market over the previous 24 hours reached approximately $1.04 billion.
Of this amount, about $933 million, or 90%, came from long positions held by traders who were betting on rising cryptocurrency prices.
In total, positions held by more than 155,000 traders were forcibly closed during this period.
The largest liquidations were recorded for Ethereum—approximately $455 million. For Bitcoin, the volume of forced liquidations amounted to about $279 million.
The largest single liquidation occurred on the Binance exchange in the ETH/USDT trading pair, where a position worth approximately $48 million was liquidated.
The high proportion of long positions in the liquidation breakdown indicates that many market participants were expecting prices to rebound; however, the subsequent decline in prices led to the forced liquidation of their trades.
Additional pressure on cryptocurrencies was caused by deteriorating investor sentiment following the U.S. midterm elections.
According to Reuters, investors are assessing potential changes in U.S. digital asset regulation following the Democrats’ takeover of Congress.
At the same time, market participants are also factoring in cybersecurity issues affecting cryptocurrency platforms and the overall volatility of the technology sector.
Against this backdrop, spot Bitcoin ETFs recorded a net outflow of $1.282 billion during the week of November 2–6.
U.S. inflation figures, shifts in expectations regarding Federal Reserve interest rates, and a recovery in demand for risky assets will be key factors in the cryptocurrency market’s future trajectory.
However, the high volume of liquidations alone does not allow us to determine the direction of future cryptocurrency price movements.