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Crypto selloff wipes out $1B in leveraged longs, Bitcoin hits lowest since August

09 Nov 2026, 00:10 WIB
Crypto Briefing
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Bearish
Crypto selloff wipes out $1B in leveraged longs, Bitcoin hits lowest since August

A sharp selloff in US tech and AI stocks triggered a $1 billion liquidation of leveraged crypto positions, pushing Bitcoin to its lowest intraday level since August 2026. Bitcoin fell nearly 6%, Ethereum over 7%, and other major coins like XRP and Solana also broke key support levels. The mass liquidations were driven by forced selling of long positions, creating a cascade effect that intensified the price drops. This event highlights the growing correlation between crypto markets and traditional tech stocks, emphasizing the risks of leverage for traders.

As of Nov 09, 2026 05:21 WIB, Bitcoin trades at Rp1.351.387.741 on Pluang, down 1.32% in the last day. Ethereum is priced at Rp38.695.501 with a 4.07% decline over the same period. XRP also shows a decrease of 3.62%, trading at Rp20.208 as of the same timestamp.

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