More than $1.05 billion in leveraged positions were liquidated over 24 hours, including approximately $930 million in long positions, or 88.2% of the total. Bitcoin hit an intraday low of $74,780.91 on November 6, 2026, before falling nearly 6%, while Ethereum dropped more than 7% to around $2,247. The liquidation wave was triggered by a sharp selloff in US artificial intelligence and semiconductor stocks, which then weighed on the crypto market. Heavy outflows from Bitcoin exchange-traded funds added to the downward pressure, with nearly 211,000 traders affected, mainly on platforms such as Binance.
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