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Bitcoin drops below $74K, triggering $700M crypto long liquidations amid market volatility

Market News
09 Nov 2026, 00:40 WIB
Tokenpost
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Bearish
Bitcoin drops below $74K, triggering $700M crypto long liquidations amid market volatility

Bitcoin fell below $74,000 during a volatile period that saw over $700 million in crypto long positions liquidated within 20 minutes. Solana also dropped below $86, contributing to a broader market decline. This sharp movement highlights increased volatility and uncertainty in the crypto market, with Bitcoin's price swings influencing other digital assets. Traders remain cautious as further declines could lead to more liquidations, while institutional activity and regulatory changes continue to shape market dynamics.

Following the recent sharp drop in Bitcoin below $74,000 and the resulting liquidation wave, Bitcoin trades on Pluang at Rp1.352.493.701, down 1.25% as of Nov 09, 2026 06:02 WIB. Solana also shows a decline, priced at Rp1.569.587 with a 2.74% decrease. Despite the volatility, Pluang users maintain a majority buy order activity for both assets, with Bitcoin at 63% buy and Solana at 69% buy.

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