Bitcoin back near $75,000 after a $745 million long squeeze at the weekly close

Published 9 November 2026 · by Hunt4Coin

Bitcoin fell 2.77% in about 15 minutes to $73,510 just before the daily and weekly candles closed late on Sunday 8 November 2026, forcing out about $745 million of mostly long positions in an hour, and then climbed back to around $75,000 in early Monday trading (KuCoin News citing MarsBit and CoinGlass; BigGo Finance).

Prices

Bitcoin (BTC): low of $73,510 shortly before the weekly close, then about $75,418 soon after (KuCoin News). At 00:00 UTC on 9 November it was $74,842.50, down 1.34% in 24 hours (KuCoin daily report). In very early Asian trading on Monday it slipped back below $75,000 to about $74,500, roughly 3% lower on the week, 8% lower on the month and about 40% below its record high (investingLive).
Ethereum (ETH): down 7.3% in 15 minutes to a low of $2,060, then about $2,151 (KuCoin News). It was $2,127.66 (−5.02%) at 00:00 UTC on 9 November (KuCoin daily report).
ETH/BTC fell 4.22% to 0.0285, its lowest since its September peak (KuCoin News).
Crypto Fear & Greed Index: 29, up from 28 the day before, still in "fear" territory (KuCoin daily report).

Live prices and exchange candle charts: Bitcoin, Ethereum.

Liquidations

In the hour of the drop, CoinGlass counted about $745 million of liquidations: $715 million of longs and about $29.6 million of shorts (KuCoin News).
Over 24 hours the totals differ by data snapshot: $855.69 million across more than 140,000 traders, 90.2% of it longs (BeInCrypto), or more than $1 billion with $913 million of longs, including $448 million of Ether and $272 million of Bitcoin positions (BigGo Finance, both citing CoinGlass).

Why it moved

The sources don't point to a single crypto-specific trigger. investingLive linked the slide to a cautious mood across markets before Nvidia's first trading session since its board opened an independent investigation into reports about chief executive Jensen Huang, while BigGo also cited US Secretary of State Marco Rubio saying talks with Iran had stalled. The timing just before the weekly candle closed, in thin Sunday trading, helped a modest move cascade through leveraged long positions. Glassnode data cited by BeInCrypto put Bitcoin below the average cost of short-term holders, near $75,700.

On the charts, Bitcoin sat between its 200-day moving average (about $73,150) and its 100-day (about $77,430), BigGo noted; investingLive put the 50-day near $82,000. You can check these levels yourself with the 200 EMA guide and the free candle charts.

The week ahead

Tuesday 10 November, 8:30 a.m. ET: US October consumer prices (CPI). CoinCentral cites estimates of about 3.9% a year, up from 3.7% in September; other previews have warned the yearly rate may not be published this month because October 2025 prices were never collected (our 8 November report), so the monthly change may be the main number.
Thursday 12 November: weekly jobless claims. Friday 13 November, 8:30 a.m. ET: producer prices (PPI) (CoinCentral).
Token unlocks (KuCoin daily report, CryptoTicker): ALLO on 11 November (88.51% of its circulating supply, about $26.4 million), RAIN on 12 November (5.08%, about $197 million), 127 million Starknet (STRK) on 15 November and 92.65 million Arbitrum (ARB) on 16 November.
Later: Solana Breakpoint in London on 15–17 November, Russian retail access to crypto through licensed brokers from 17 November, and the Fed's meeting minutes on 18 November (CryptoTicker). The CME FedWatch odds of a December rate hike were about 77–80% after last week's jobs report.

Regulation

KuCoin's daily report notes that Senator Richard Blumenthal has sent letters to Binance, Tether and World Liberty Financial asking for records by 4 January 2027, that the SEC has sent proposed crypto broker-dealer rules to the White House for review, and that FinCEN issued an order targeting the exchange MEXC on 6 November.

How to follow it

Liquidation cascades show up as long wicks on short timeframes and much smaller candles on the daily chart, so compare the 15-minute and daily views on the exchange candle charts. The crypto screener and the dated screener snapshots show which top-100 coins have an RSI below 30 after the drop, and an RSI alert on Telegram can tell you when that changes around the CPI release. Before trading a move like this, test the rule with fees in the backtester or with paper trading; this worked example shows how much fees change a result.

Information only, not financial advice. Prices move quickly; check the live charts before acting.