# Bitcoin Drops Below $76k as Crypto Liquidations Hit $880m

> Bitcoin slumps below $76,000 as crypto liquidations surge to $880 million in four hours.
- Title: Bitcoin Drops Below $76k as Crypto Liquidations Hit $880m
- Summary: Bitcoin slumps below $76,000 as crypto liquidations surge to $880 million in four hours.
- Keywords: bitcoin, ether, liquidations, crypto, traders, binance, TokenPost
- Source: TokenPost — https://tokenpost.com/news/investing/50506
- Published: 2026-11-07T02:12:15+00:00
- Read time: 1 min
- Topics: bitcoin, ether, liquidations, crypto, traders, binance, finance
## Bitcoin and Ether Prices Drop
Bitcoin fell to $75,568 and Ether dropped to $2,237 as leveraged positions were forcibly closed across crypto markets.
## Liquidations Total $880 Million
Liquidations reached $880 million over four hours, with $819 million in long positions and $61 million in short positions.
## Impact on Traders
Over 198,931 traders were affected by liquidations totaling $1.033 billion in 24 hours, including a $10.94 million ETHUSDT position on Binance.
## Key takeaway

Bitcoin fell to $75,568 and Ether dropped to $2,237 after leveraged positions were forcibly closed, totaling $880 million in liquidations.