Bitcoin fell below $76,000 for the first time since mid-September, reaching lows around $76,000 on November 3 and 4, 2026. Nearly $250 million in leveraged crypto positions were liquidated, while broader market estimates put total liquidations at approximately $366 million. Long positions accounted for nearly 70% of the total, as leveraged bets, spot Bitcoin ETF outflows and a 1.1% decline in the Nasdaq weighed on risk appetite. BlackRock recorded $405.3 million in withdrawals from its IBIT fund amid a marked decline in institutional appetite. The $77,000 to $77,500 area, previously viewed as support, has become resistance, although the removal of long leverage could limit another cascade of liquidations.
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