Crypto Market Liquidations Reach About USD 880 Million in 4 Hours; BTC Falls to USD 75700

TechFlow news, Nov. 6 — According to The Block, a sell-off in U.S. tech stocks spilled over into the crypto market. Bitcoin gave back its post-election gains, falling 6% to USD 75700 and touching USD 75568 intraday; Ethereum dropped more than 7% to USD 2247.

CoinGlass data showed that approximately USD 879.92 million in crypto derivatives positions were liquidated over the past 4 hours, including about USD 818.9 million in longs and about USD 61.02 million in shorts. Total liquidations over the past 24 hours approached USD 1.1 billion, affecting nearly 211,000 traders.

Source: TechFlow