DECRYPT · 2026-11-06 16:34 UTC

Crypto Liquidations Top $1 Billion as Bitcoin Tests 11-Week Low

Bitcoin traded near $75,570 on Friday after touching $74,780.91, its lowest intraday level since August 21. CoinGlass data shows $1.05 billion in crypto liquidations over 24 hours, 88.2% of it long positions, with Bitcoin accounting for $267.20 million. The article links the crypto selloff to a Nasdaq drop of 5.52% on Thursday and fears of tougher AI regulation after the midterm elections, plus a stronger-than-expected jobs report raising expectations of a Fed rate hike in December.

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