Bitcoin ·
Bitcoin slips below $76,000 as tracked liquidations hit $1.08 billion
NewsMARKET SELLOFFBitcoin falls below $76K as $1.08B gets liquidatedCoinGlass data cited by crypto.news put rolling 24-hour liquidations at $1.08 billion in its Nov. 5 snapshot, with about $954 million in longs and $127 million in shorts. Bitcoin traded near $75,950 after the earlier rebound above $80,000. A long-heavy wipeout following a short squeeze shows how quickly leverage can amplify a reversal in either direction.
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Tito G’s take
Tito G contrasted the long liquidations with the previous session’s short squeeze. He pointed to election-week volatility and said he did not know when it would settle.