Bitcoin Falls to $73,708 as $856 Million in Crypto…
By Karthik Subramanian
AI summary of the source article
Bitcoin dropped to $73,708 on November 8, 2026, amid widespread market liquidations. Approximately $855.69 million in leveraged crypto positions were liquidated within 24 hours, alongside $1.28 billion in weekly net outflows from US spot Bitcoin ETFs.
Why it matters
The latest decline highlights how quickly leveraged cryptocurrency markets can amplify price movements when institutional demand and investor confidence weaken simultaneously.
Key facts
- Bitcoin fell to $73,708 on November 8, 2026, dropping below the $74,000 level.
- Over $855.69 million in leveraged positions were liquidated across 24 hours, affecting more than 140,000 traders with 90.2% in longs.
- US spot Bitcoin ETFs saw approximately $1.28 billion in net outflows during the week ending November 6.
Source excerpt · FinanceFeeds
Bitcoin fell to $73,708 on November 8, 2026, reaching its lowest reported price since August as widespread liquidations intensified selling pressure across cryptocurrency markets. The decline pushed Bitcoin below the psychologically important $74,000 level, reversing its brief recovery above $80,000 earlier in the week. According to CoinGlass data cited by BeInCrypto, approximately $855.69 million…