# Bitcoin Hits Seven-Week Low as Crypto Liquidations Reach $1.26 Billion

By Enna Lee

Canonical URL: https://www.tokenpost.com/news/investing/50039
Published: 2026-11-06T11:28:29.000Z
Updated: 2026-11-06T11:28:29.000Z
Section: Investing

> Long positions made up 88.6% of the forced closures, while the broader crypto market fell 4.9% over 24 hours.

Bitcoin (BTC) fell to about $75,600, its lowest level in seven weeks, as crypto derivatives liquidations totaled $1.26 billion over 24 hours, signaling a broad leveraged unwind.

Long positions accounted for 88.6% of the total, indicating that leveraged bets on higher prices were abruptly closed during the decline.

The broader crypto market stood at $2.58 trillion, down 4.9% over 24 hours. Market breadth was sharply negative: 229 assets fell while 22 rose. The same 24-hour snapshot showed Ether down 7.6% and Solana down 6.8%.

Bitcoin’s decline coincided with a wider sell-off in U.S. technology stocks, which may have added cross-market pressure to digital assets. The concentration in long positions shows how leveraged bullish bets can unwind quickly during a sharp market move. The decline also pointed to reduced short-term confidence in maintaining higher Bitcoin prices.

Market participants were watching whether Bitcoin could reclaim and hold above $76,000.