Bitcoin Falls to $73,500, Lowest Since August, as Over $1 Billion in Leveraged Positions Are Liquidated

Bitcoin dropped to about $73,500 late on Sunday, Nov. 8, 2026, its lowest level since August, as a burst of forced selling by leveraged traders hit thin weekend markets. The decline capped a fifth consecutive weekly loss and came after a week of heavy outflows from U.S. spot bitcoin exchange-traded funds.

The Sunday drop

Bitcoin fell to $73,510 on Binance late Sunday, its lowest price since Aug. 21, according to a Monday Yahoo Finance analysis. That report said bitcoin was at $75,607 at 21:44 UTC and touched $73,510 eleven minutes later, with the sharpest leg a 1.9% fall in the five minutes from 21:55 UTC. Ether dropped 6.9% on Binance between 21:50 and 21:55 UTC, almost three times bitcoin’s 2.4% decline over the same minutes, it said. Other outlets cited slightly different prints: Bitcoin.com News reported a fall from $75,690 to $73,477 in 15 minutes, while Reuters, carried by Business Recorder, said bitcoin fell more than 2% to $73,708 and ether about 5% to $2,223, both the lowest since August.

Buyers stepped in after the flush. Yahoo Finance said bitcoin bounced to $75,735 within two hours of the low and was trading around $74,224 on Monday morning, down 0.8% on the day. Investing.com, in a report on Yahoo Finance, said bitcoin was down 2.4% at $74,112.20 at 5:44 a.m. ET.

Liquidations

Cointelegraph, citing CoinGlass, said about $1.12 billion in leveraged crypto positions were liquidated in the 24 hours through 9 a.m. UTC Monday. Bitcoin.com News said Coinglass logged more than $1 billion in liquidations, led by $448 million in ether positions and $272 million in bitcoin positions. A liquidation occurs when an exchange force-closes a leveraged position after prices move against it, and the forced sale can push prices toward the next group of positions, as the Yahoo Finance analysis explained.

Yahoo Finance said a typical weekend hour on Binance trades about half as much bitcoin as a weekday hour, so the same selling can move the price further. With stock markets closed, it noted, crypto was the only major market open for traders to cut risk after CNBC reported on Sunday that Nvidia’s board had opened an investigation into CEO Jensen Huang’s relationship with a woman U.S. intelligence agencies believe was passing information to Beijing.

Weekly close and ETF flows

The weekly candle closed at $74,851 against an opening price of $78,354, making bitcoin’s fifth losing week in a row, according to Yahoo Finance. It was also the first weekly close below the 50-week simple moving average, which the article put at $75,535, since the week of Sept. 7. Cointelegraph put the 50-week average at $75,492 and said bitcoin approached its 21-week average of $73,078; the two outlets use different data sources. In Binance weekly data since August 2017, Yahoo Finance said, bitcoin had previously strung together five or more losing weeks only three times.

U.S. spot bitcoin ETFs recorded a net outflow of $1.28 billion for the week of Nov. 2–6, their second straight week of outflows and the worst since late June, according to SoSoValue data cited by Investing.com. Farside Investors data cited by Yahoo Finance showed outflows on four of five days: $398.6 million on Nov. 2, $115.6 million on Nov. 3, $430.2 million on Nov. 5 and $411.9 million on Nov. 6, with BlackRock’s IBIT fund accounting for $403 million of Friday’s outflow. Wednesday, Nov. 4, saw $74.6 million of inflows.

Regulatory and macro backdrop

Reuters said bitcoin and ether touched two-month lows as investors worried a Democratic-controlled U.S. Congress would toughen regulation of the asset class. Investing.com similarly attributed the slide to fears of increased regulatory oversight after the midterm elections. Bitcoin had risen above $81,000 on Wednesday after the midterm results before reversing, Bitcoin.com News said, and had briefly dipped below $75,000 on Friday during a global technology-stock selloff.

The Fear & Greed Index, a daily sentiment gauge scored from 0 to 100, read 29 on Monday morning, in the “fear” range, per Yahoo Finance. Cointelegraph noted that U.S. consumer and producer price reports are due on Tuesday and Friday, respectively, and quoted economist Robin Brooks as saying falling oil prices could lift bitcoin. Brent crude was trading near $97 on Monday after falling 17% last week, according to Yahoo Finance reporting.

Levels cited by analysts

Yahoo Finance’s technical analysis listed $73,510, Sunday’s low, as nearby support and $73,027, the Aug. 21 low, below that. It named $75,735, Sunday’s rebound high, and $76,845, the 50-period exponential moving average on the four-hour chart, as resistance. Traders were expected to watch Monday’s ETF flow figures first, it said. Such technical levels are one analyst’s framing and not a forecast. This article reports market data and attributed commentary and is not financial advice.