Bitcoin falls under $77,000 as $400m of longs liquidated
Bitcoin was trading around $79,337 with a $1.595 trillion market cap before the drop, triggering $400 million in long liquidations.
Key takeaways
- 1Bitcoin dropped below $77,000, triggering $400 million in long liquidations
- 2Bitcoin was trading at $79,337 with a $1.595 trillion market cap before the drop
Bitcoin slipped below the $77,000 threshold on 5 November 2026, prompting the liquidation of roughly $400 million in long positions over the preceding 60 minutes, Watcher Guru reported.
The decline occurred while Bitcoin was quoted near $79,337, up 1.3 percent in the previous 24 hours, and held a market valuation of about $1.595 trillion, keeping it the top-ranked digital asset, YourKhabri’s live feed showed at 15:15 UTC.
Bitcoin, the flagship cryptocurrency, often experiences amplified moves when margin traders are forced to exit. YourKhabri recorded a comparable $100 million liquidation on 2 November that briefly pushed the price under $77,000, and earlier on 5 November the coin had set a fresh all-time high of $77,000, showing its price volatility.
The fresh $400 million liquidation shows the risk of borrowing to buy crypto and could add short-term downward pressure on the market. Market participants will likely track subsequent price action, open-interest data and further liquidation volumes to gauge whether the sell-off is contained or spreads to other crypto assets.
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Reported and edited by the YourKhabri desk under our editorial policy. Nothing here is investment advice.