Bitcoin Falls Below $76,000 as Nearly $250 Million in Leveraged Positions Are Liquidated

By Kevin · 2026-11-04 · News

Nov. 4 (CandyPulse) — Bitcoin slipped below $76,000 for the first time since Sept. 16, and leverage made the move hurt. Close to $250 million in leveraged crypto positions were liquidated as the price fell, according to Crypto Briefing.

Key takeaways

BTC broke below $76,000, its first time under that level since Sept. 16
Nearly $250 million in leveraged positions were liquidated; broader tallies put total crypto liquidations near $366 million
About $100 million of the liquidations were tied to bitcoin positions
US spot bitcoin ETFs saw more than $1 billion in outflows over two sessions
Traders now see $77,000–$77,500 as resistance, with Friday's US jobs report ahead

The numbers

Measure	Figure
Level broken	$76,000
Last time below	Sept. 16
Price, ~03:40 UTC Nov. 4	About $76,060 (Crypto Times)
Leveraged positions liquidated	Nearly $250 million
Broader crypto liquidations	About $366 million
BTC-specific liquidations	About $100 million
Spot ETF outflows	$1 billion+ over two sessions
Resistance now	$77,000–$77,500

Liquidation totals differ by data provider and time window, so treat them as estimates.

What drove the drop

Three things lined up. Money kept leaving US spot bitcoin ETFs, a weaker Nasdaq hit risk appetite, and traders cut exposure ahead of Friday's jobs data. Once the price broke support, leveraged long positions were closed automatically, which added more selling.

That's how a liquidation cascade works: borrowed bets get force-closed, which pushes the price lower and triggers the next round. It's the same pattern behind last week's slide; see bitcoin's rebound toward $78,000 after the Binance hack sell-off and $3.64 billion in Binance net outflows.

Not everyone is selling

Big buyers are still active. Strategy recently added 811 bitcoin, bringing its holdings to 849,327 BTC. Long-term holders often treat dips like this differently from short-term leveraged traders.

What's next

The key levels are $76,000 as support and $77,000–$77,500 as resistance. Friday's US jobs report and daily ETF flows will likely set the tone. Track the Bitcoin price today, follow our Bitcoin page, or read all of today's crypto news.

Disclaimer: This article is for information only and is not financial advice. Crypto assets are volatile and can lose value. Always do your own research before making any investment decision.