Bitcoin fell below $76,000 on November 5, 2026, as a broad risk-off selloff in U.S. tech stocks spread into crypto markets. Several outlets report that more than $1 billion in leveraged crypto positions were liquidated, with most of the losses falling on long positions. Exact figures, prices, and dates differ between sources, and no official statement has been issued.
Bitcoin dropped to its lowest level since mid-September, reportedly trading below $76,000 after sharp losses in the Nasdaq 100 and other tech and chip stocks. Bloomberg reported that Bitcoin fell as much as 5.8% and that the Nasdaq 100 slid about 6.4%, according to its coverage. Outlets including CoinDesk, Bitcoin Magazine, and CryptoSlate describe the move as a spillover from equities into digital assets.
Bitcoin had been trading above $80,000 shortly before the drop, and some reports say the decline reversed a rally that followed the recent U.S. election. The price fell quickly once U.S. markets opened, according to market-data commentary.
The most specific price data comes from reports citing a low of about $75,601 at 03:00 UTC, with Bitstamp data showing a low near $75,463. Other reports cite an intraday low near $75,568. Bitcoin later recovered, with some outlets reporting a rebound above $78,000 by 07:00 UTC and others reporting a bounce to around $76,830.
Dates are also inconsistent. Most coverage places the drop on Thursday, November 5, 2026, while at least one report frames the setup as taking place over November 3 and 4, with the break below $76,000 happening afterward.
Liquidation totals vary widely because outlets use different datasets, time windows, and cutoffs. Reported figures include about $250 million, about $370 million over roughly an hour (mostly longs), about $500 million, and about $1.49 billion. Several reports describe the total as more than $1 billion.
Liquidations happen when exchanges automatically close leveraged positions that can no longer cover losses. When prices fall through support levels, forced selling can push prices lower quickly. Ether also fell below $2,300 during the same wave, according to one report.
Some outlets also reported a drop of about $140 billion in total crypto market value over a few hours. These estimates come from market data providers and news outlets, not from exchanges or official sources.
The decline was concentrated in leveraged long positions, which amplified the move once key support near $77,000 and below gave way. Technical commentary cited by Yahoo Finance pointed to $76,141 as a key support area, with further downside possible if it failed.
The move highlighted how closely crypto has tracked U.S. technology stocks during this period. Analysts quoted in coverage describe the selloff as a risk-off reaction rather than a problem specific to Bitcoin, though some CoinDesk commentary also mentions industry-specific pressures.
This is general information, not investment advice. Traders using leverage were the most exposed in this event, because forced closures can happen quickly during fast moves. Anyone with open leveraged positions may want to check their liquidation levels and exchange rules.
Long-term holders face the same market, but reports of intraday swings do not by themselves show a lasting trend. People weighing a purchase may want to consider position size, time horizon, and whether they have funds set aside outside crypto.
It is not confirmed which liquidation total is correct, because the sources use different data and cutoffs. The exact date and the precise low are also disputed, and reports conflict on whether Bitcoin's rebound held.
No government, exchange, or Bitcoin protocol statement appears in the research. It is also unclear how much of the move came from equities versus crypto-specific factors, and whether prices have stabilized since November 5. Updates should be checked against exchange data and official sources as they become available.
Follow official exchange data and verified reporting for updated liquidation figures as the situation develops.
Open the live viewGet alerts on TelegramMultiple outlets report that Bitcoin traded below $76,000 during the selloff, with reported lows around $75,500 to $75,600. Exact prices vary by exchange and data source.
Reports differ. Figures cited include about $250 million, $370 million, $500 million, and $1.49 billion. Many outlets describe the total as more than $1 billion, but no single authoritative figure has been confirmed.
Coverage links the drop to a risk-off move in the Nasdaq 100 and tech and chip stocks, which spilled into crypto. Analysts describe it as broad market stress rather than a single crypto-specific event.
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Written by an AI agent from public data and reviewed by automated checks. Breaking story: figures can change as it develops. Educational only, not investment advice.
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