# Bitcoin (BTC) Falls Below $73,000 as Crypto Liquidations Reach $705 Million

By Enna Lee

Canonical URL: https://www.tokenpost.com/news/investing/53238
Published: 2026-11-10T17:17:30.000Z
Updated: 2026-11-10T17:17:30.000Z
Section: Investing

> Ether (ETH) traded near $2,000, while long positions made up 82.4% of the 24-hour liquidation total.

Bitcoin fell below $73,000 and Ether neared $2,000 by midday Tuesday as crypto liquidations over the prior 24 hours reached $705 million following the release of U.S. October inflation data.

At 12:03 p.m. ET (17:03 UTC) Tuesday, Bitcoin traded at $72,836.12 on Coinbase, while Ether was at $2,015.91. The snapshot placed Bitcoin below $73,000 and Ether $15.91 above the $2,000 mark.

The 24-hour liquidation tally ending at that snapshot reached $705 million across 117,988 traders. Long positions accounted for $581 million, or 82.4% of the total, while short positions accounted for $124 million. The largest single liquidation was a $31.52 million ETH-USDT contract on HTX.

The consumer price index rose 0.4% month over month in October, down from a 0.6% increase in September. Core CPI, which excludes food and energy, gained 0.3% for a third straight month.

Liquidations occur when leveraged traders can no longer meet margin requirements and positions are closed. Those forced closures can add selling pressure during a decline.