Bitcoin and Ethereum Just Hit Their Lowest Prices Since August After $1 Billion in Liquidations. Where Do Analysts Say They Bottom?
Long bets made up 88.2% of the $1.05 billion in liquidations as tech stock losses and ETF withdrawals deepened the crypto sell-off.
- Bitcoin closed at $74,740 on November 8, 2026, marking its lowest daily close since August 20, as over $1 billion in crypto trading positions were liquidated in 24 hours.
- A broader tech stock rout triggered the crypto decline when the Nasdaq Composite dropped 5.5% on November 5 amid AI and semiconductor sell-offs; NVIDIA announced on November 8 that independent directors would investigate reports regarding a foreign intelligence effort targeting its CEO.
- Forced liquidations totaled more than $1.05 billion, with approximately $913 million coming from long positions; U.S. spot Bitcoin ETFs recorded about $430.2 million in net outflows on November 5.
- Bitcoin remains about 2.5% above its 200-day average of $73,177, while Ethereum has already slipped roughly 1% below its 200-day average of $2,155, signaling diverging technical strength.
- Analyst Beth Kindig expressed a pessimistic outlook, stating, "We believe that one more large drop is coming over the next several months," as traders watch critical support levels.
22 Articles
22 Articles
Bitcoin is showing weakness around the $75,000 level. This is attributed to dampened investor sentiment resulting from growing concerns that cryptocurrency regulations may be tightened following the U.S. midterm elections, coupled with capital outflows from U.S. spot exchange-traded funds (ETFs). As of 8:30 AM on the 10th, according to the global cryptocurrency market data site CoinMarketCap, Bitcoin was trading at $75,191, down 0.35% from 24 ho…
Bitcoin and Ethereum Just Hit Their Lowest Prices Since August After $1 Billion in Liquidations. Where Do Analysts Say They Bottom?
A liquidation cascade just wiped out billions in leveraged bets, and Ethereum has already cracked a level Bitcoin is still defending. Analysts are now arguing over which line decides whether the sell-off ends or the real damage begins.
The bitcoin operates in fall on Monday (9), close to $74,000, amidst a new pressure on the technology sector. Nvidia opened an independent investigation after its CEO, Jensen Huang, admitted an extramarital relationship with an executive who, according to American authorities quoted by the press, is suspected of acting for Chinese intelligence. The chip maker's actions fell by about 5% in the pre-market in New York. At around 10:25, the bitcoin …
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