$1B liquidated from crypto market as Bitcoin, Ethereum drop

A tech and AI stock selloff spilled into crypto, wiping out leveraged longs and pushing Bitcoin to its lowest intraday level since August Crypto traders who bet on higher prices just had a very expensive couple of days. More than $1 billion in leveraged positions were liquidated as Bitcoin, Ethereum, XRP, and Solana all fell below key price levels. A widely shared market post put the wipeout at $1 billion in just 10 minutes. Broader derivatives data showed over $1.05 billion liquidated in the 24 hours leading up to November 6, 2026. The trigger wasn’t a hack, a collapsed exchange, or a rogue tweet. It came from Wall Street, where a sharp selloff in US tech and AI stocks dragged crypto down with it. How the selloff unfolded Bitcoin hit an intraday low of $74,780.91 on November 6. That marked its weakest intraday level since August 21. The world’s largest crypto fell nearly 6% during the episode. Ethereum had it worse, sliding more than 7% to about $2,247. XRP and Solana also broke below critical support levels. Long positions accounted for approximately $930 million of the total, or 88.2%. Bitcoin positions accounted for around $267 million in liquidations during the key session. Et...