# Bitcoin Drops 2.01% in an Hour to $74,244 at 4:56 p.m. ET

By Enna Lee

Canonical URL: https://www.tokenpost.com/news/investing/51844
Published: 2026-11-08T22:03:06.000Z
Updated: 2026-11-08T22:03:06.000Z
Section: Investing

> Bitcoin liquidations across Binance, Bybit and OKX totaled $139.51 million in long positions and $530,000 in short positions during the same hour.

Bitcoin fell 2.01% in one hour to $74,244 at 4:56 p.m. ET Sunday, Nov. 8 (21:56 UTC), with a 24-hour decline of 1.94% in Binance spot BTC/USDT trading.

The previous observation, one hour earlier, was $75,768. The hourly change compares the $75,768 Binance BTC/USDT quote at 3:56 p.m. ET with the $74,244 quote at 4:56 p.m. ET. The price is a spot-market quote, rather than an average across exchanges.

Bitcoin’s price was also 1.94% below its level 24 hours earlier. The daily and hourly figures describe different measurement windows; both were negative at the time of the latest observation.

Bitcoin liquidations across Binance, Bybit and OKX for that same one-hour window totaled $139.51 million in long positions and $530,000 in short positions. The aggregation is limited to those three exchanges and the hour ending with the 4:56 p.m. ET price observation.

Bitcoin ranked No. 1 among crypto assets by market capitalization, estimated at approximately $1,514,251,460,000.