Crypto market liquidations hit approximately $880 million within 4 hours as BTC drops to $75,700

According to TechFlow, on November 6, as reported by The Block, a sell-off in U.S. tech stocks has spilled over into the cryptocurrency market. Bitcoin has given back its post-election gains, dropping 6% to $75,700 and touching an intraday low of $75,568; Ethereum fell more than 7% to $2,247.

Data from CoinGlass shows that approximately $879.92 million in positions were liquidated in the crypto derivatives market over the past four hours, including roughly $818.9 million in long positions and $61.02 million in short positions. Total liquidations over the past 24 hours approached $1.1 billion, affecting nearly 211,000 traders.