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

- URL: https://talkfuse.com/story/crypto-liquidations-top-1-billion-as-bitcoin-tests-11-week-low/
- Published: 2026-11-06T16:34:07+00:00
- Updated: 2026-11-06T18:08:55+00:00
- Original publisher: Decrypt
- Original article: https://decrypt.co/382717/bitcoin-price-11-week-low-crypto-liquidations-ai-stock
- Topics: AI, Business, Crypto, Markets, Technology

## Key points

- Bitcoin touched an 11-week low of $74,780.91.
- Crypto liquidations reached $1.05 billion in 24 hours.
- Long positions made up 88.2% of liquidations.

## Summary

Bitcoin fell to an intraday low of $74,780.91, its lowest level in 11 weeks, as crypto markets retreated alongside a sharp sell-off in US technology shares. More than $1 billion in crypto positions were forcibly closed in 24 hours, mostly bullish bets, adding pressure to the decline.

CoinGlass recorded $1.05 billion in liquidations: $930.04 million were long positions and $124.69 million short positions. Bitcoin accounted for $267.20 million and Ethereum $167.14 million. The Nasdaq fell 5.52% on Thursday, while a stronger-than-expected jobs report raised expectations of a December rate rise; the article says these factors coincided with Bitcoin’s fall but do not establish that the stock sell-off caused it. Bitcoin was trading near $75,570, below its 50-day and 200-day moving averages, with $74,780 identified as immediate support.

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Summarised by TalkFuse (https://talkfuse.com/). Quote the original publisher for the reporting and link this page for the summary and discussion.