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<p>Bitcoin has fallen below $76,000 on Nov. 5 as a cryptocurrency selloff has wiped out $954.38 million in leveraged long positions, pushing total 24-hour liquidations to $1.08 billion.</p>
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 <div class="cn-block-summary__nav tabs"><span>Summary</span>
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   <li>$954.38 million in long positions were liquidated, compared with $127.30 million in shorts.</li>
   <li>Bitcoin fell 5.8%, while Ethereum and Solana lost 7.5% and 7.9%, respectively.</li>
   <li>Coinbase and Strategy dropped around 10%, with several mining stocks recording larger losses.</li>
   <li>Gold held gains as cryptocurrency prices and U.S. technology shares declined.</li>
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<p>According to CoinGecko, Bitcoin fell 5.8% over the past 24 hours to $75,954, while Ethereum dropped 7.5% to $2,251 and Solana lost 7.9% to trade at $89.16. The total crypto market cap declined 4.6% to approximately $2.66 trillion.</p>
<p>The retreat followed an earlier recovery above $80,000, reversing gains that had brought Bitcoin back from its election-week lows. XRP fell 6.1% to $1.23, BNB dropped 3.9% to $691.42, and TRON lost 1.1% to $0.3167.</p>
<p>Zcash declined 5.3% to $1,242.29. Among the ten largest assets by market capitalization, Figure Heloc moved against the selling, gaining 1.6%, while USDT and USDC remained close to their dollar pegs.</p>
<p>You might also like: <a href="https://crypto.news/bitcoin-price-falls-below-80000-as-us-jobless-claims-hit-57-year-low/" rel="noopener noreferrer nofollow"> Bitcoin price falls below $80,000 as US jobless claims hit 57-year low </a></p>
<h2 class="wp-block-heading" id="crypto-liquidations-hit-longs-hardest">Crypto liquidations hit longs hardest</h2>
<p>According to CoinGlass, 210,326 traders were liquidated over the past 24 hours. Long positions accounted for $954.38 million, or 88.2% of the total, compared with $127.30 million in shorts.</p>
<figure class="wp-block-image size-full"><img width="1234" height="617" src="https://media.crypto.news/2026/11/Screenshot-2026-11-06-000132.webp" alt="CoinGlass liquidation heatmap showing $1.08 billion in 24-hour liquidations, including $954.38 million in longs and $127.30 million in shorts, with Bitcoin leading losses.">
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  Source: <a href="https://www.coinglass.com/liquidations" rel="noopener noreferrer nofollow">CoinGlass</a>
 </figcaption>
</figure>
<p>Liquidations were concentrated in the latest four hours, when $896.18 million in positions were closed, including $817.35 million in longs and $78.83 million in shorts. The 12-hour total reached $982.43 million.</p>
<p>Bitcoin positions recorded $280.65 million in liquidations, with longs representing 89.4%. Ethereum followed with $174.86 million, of which 82% involved bullish positions, while Solana recorded $37.62 million.</p>
<p>The largest individual liquidation was a $10.94 million ETHUSDT long on Binance. The exchange accounted for 46.7% of the reported total.</p>
<h2 class="wp-block-heading" id="technology-shares-fall-alongside-crypto-companies">Technology shares fall alongside crypto companies</h2>
<p>Notably, the Nasdaq Composite fell 4.7% during Thursday’s trading, while the S&amp;P 500 lost 3.5%. Nvidia dropped 7.5%, AMD fell 14.6%, and CoreWeave declined 12.1% as investors assessed financing costs and uncertainty surrounding data center development.</p>
<p>U.S. crypto stocks suffered losses during the same session. Coinbase was down 10.56% at $135.50, and Strategy was down 10.12% at $128.11.</p>
<p>Robinhood fell 11.81% to $77.09, while stablecoin issuer Circle lost 11.92% to $67.05. Both had recovered slightly from session lows of $75.51 and $64.89, respectively.</p>
<p>Mining and data center shares recorded some of the largest declines. IREN dropped 16.17%, Cipher Digital fell 15.08%, and CleanSpark lost 15.07%. TeraWulf declined 14.19%, while MARA Holdings slid 13.03%.</p>
<p>Riot Platforms was down 5.14% at $14.58 after trading as low as $12.97. The stock percentages measure changes against the previous close, while cryptocurrency figures cover a rolling 24-hour period.</p>
<h2 class="wp-block-heading" id="gold-holds-gains-while-silver-gives-ground">Gold holds gains while silver gives ground</h2>
<p>Precious metals showed a different pattern. Spot gold was trading at $4,095.49 an ounce, up 0.9%, after reaching $4,146.63 earlier in the session.</p>
<p>A weaker dollar and lower Treasury yields supported bullion. Gold had gained nearly 3.4% on Wednesday before reaching its highest level since Oct. 20 during Thursday’s trading. Silver’s earlier advance faded. The metal was at $52.16 an ounce, down 0.2%.</p>
<h2 class="wp-block-heading" id="bitcoin-falls-back-toward-november-lows">Bitcoin falls back toward November lows</h2>
<p>Earlier on Nov. 5, crypto.news <a href="https://crypto.news/bitcoin-price-outlook-november/" rel="noopener noreferrer nofollow">previously reported that</a> Bitcoin’s daily chart placed the lower Bollinger Band at $76,059, close to the week’s $75,736 low. Its subsequent retreat below $76,000 brought price back into that area.</p>
<p>The same chart placed the 20-day moving average at $80,139, with resistance around $81,000 to $82,000.</p>
<p>Before Thursday’s reversal, U.S. spot Bitcoin ETFs had <a href="https://crypto.news/why-is-bitcoin-price-up-today-etf-inflows-btc-80000/" rel="noopener noreferrer nofollow">returned to inflows</a>, attracting $74.6 million on Nov. 4 after three consecutive sessions of withdrawals. Fidelity’s FBTC received $236.7 million, while BlackRock’s IBIT recorded $201.2 million in outflows.</p>
<p>Read more: <a href="https://crypto.news/ethereum-price-outlook-november-2026/" rel="noopener noreferrer nofollow"> Ethereum price outlook for November: Can ETH recover $2,800? </a></p>

Crypto crash wipes out $954M in longs as Bitcoin falls below $76K

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