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Bitcoin drops below $77,000 amid $718.5M crypto liquidations in 24 hours

Market News
06 Nov 2026, 04:18 WIB
Tokenpost
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Bearish
Bitcoin drops below $77,000 amid $718.5M crypto liquidations in 24 hours

Bitcoin's price fell to $76,887.04 on Nov. 5, down 4.2% in 24 hours amid $718.5 million in crypto liquidations. Most liquidations were long positions, accounting for 82.9% of the total, indicating leveraged traders faced significant losses. This drop reflects volatile market activity but does not directly prove liquidations caused the price decline. Investors should watch for further market shifts as the situation evolves.

Bitcoin price action provides context for cryptocurrency markets. For readers following crypto, here is Pluang's market snapshot as of Nov 06, 2026 09:31 WIB: Out of 50 major cryptocurrencies, 45 fell and 4 rose today. THETA dropped 9.77% to Rp2.587, UNI fell 9.62% with 83% sell order activity, and FIL declined 9.45% with 99% buy order activity and a typical hold time of 100 days.

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