Crypto market suffers $1bn liquidations in 10 minutes as major tokens plunge
Bitcoin dropped below $74,000 and Ether fell under $2,125 as rapid derivative unwinds hit digital asset exchanges on Sunday.
Key takeaways
- 1Over $1 billion was liquidated across crypto markets in a 10-minute period on 8 November 2026.
- 2Bitcoin dropped below $74,000 while Ether fell under $2,125 during the rapid sell-off.
- 3The flush follows a 5 November drop that saw $400 million in long positions wiped out as Bitcoin fell below $77,000.
Traders lost $1 billion to forced market liquidations within a single ten-minute window on 8 November 2026, as sudden price declines hit major digital tokens simultaneously. The sharp sell-off cleared out open derivative positions on exchanges worldwide.
Market data shows Bitcoin fell below $74,000 during the market drop, after trading near $75,688 earlier in the day. Ether fell below $2,125 from its earlier price around $2,227. XRP slipped below $1.10, and Solana broke under $90 to trade below $89.05.
Forced liquidations occur when crypto exchanges automatically close out derivative accounts because a trader's account balance falls below the required margin threshold. The move marks a second major unwind within days, following a drop on 5 November that saw $400 million in long positions wiped out when Bitcoin fell below $77,000. Bitcoin had held a market capitalisation of $1.52 trillion before the latest decline, while Ether was valued at $272 billion and XRP at $73.3 billion.
The loss of $1 billion in ten minutes shows how quick market movements spread through derivative products. Traders will watch derivative funding rates and open interest figures across exchanges to see whether open exposure has cleared or if further unwinds will affect spot token prices.
Reported and edited by the YourKhabri desk under our editorial policy. Nothing here is investment advice.