Bitcoin Slips Below $76,000 as Crypto Liquidations Top $1 Billion

Bitcoin fell below $76,000 on November 8, sparking forced closures of leveraged positions across crypto exchanges. Liquidation totals reported ranged from about $1 billion to more than $1.2 billion in a short window. Ethereum declined alongside bitcoin, signaling marketwide deleveraging rather than a single token issue. Automatic margin closures add selling pressure, which deepens short term volatility.