Bitcoin Slides to $76,100 as $1.1B in Longs Liquidated

Community Trust Score Verified 89 % Real Verified 46 votes Updated 56 seconds ago Bitcoin fell 5.2% over 24 hours to trade at $76,100 on Friday, November 6. The slide followed the liquidation of more than $1.1 billion in bullish positions and significant net outflows from US spot Bitcoin exchange-traded funds. CoinGlass data shows approximately $1.27 billion in cryptocurrency derivatives were liquidated in 24 hours. Long positions accounted for more than $1.1 billion of that total, meaning those betting on price increases bore the brunt of the forced closures. The sell-off mirrored a broader risk-off shift in traditional markets.

Source: The Currency Analytics