Bitcoin falls toward the mid-$75,000s, extending a broader Wall Street and tech sell-off, and triggers more than $1 billion in liquidations across crypto derivatives markets. Decrypt reports liquidations top $1 billion as bitcoin tests an 11-week low, while NDTV and The Block describe the move as wiping out post-election gains amid weakness in global technology and AI stocks.
Across outlets, the reported liquidations largely stem from leveraged positions: NDTV says most involve leveraged bullish trades. The Block adds that bitcoin drops about 6% and ether about 7% during a Nasdaq sell-off, with NDTV reporting $1.08 billion in liquidations over 24 hours. NDTV also highlights what investors are watching next, including US employment data, Federal Reserve rate expectations, and institutional ETF flows, as possible drivers of further direction.
While all sources tie the sell-off to risk-off moves in equities, they differ in the specific liquidation totals and intraday price figures cited. Still, the overall storyline is consistent: bitcoin retreats and large derivative liquidations follow the broader market shock.
