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Morning Edition · Monday, November 9, 2026Published at 12:43 AM EST · New York
Bitcoin falls to about $73,761 and recovers above $75,000 after $1 billion in leveraged positions are liquidated
The sell-off followed reports about Nvidia chief executive Jensen Huang and the collapse of talks between the United States and Iran, and about 88% of the liquidated positions were bets on higher prices.
About $1 billion in crypto positions were liquidated in ten minutes late Sunday, Watcher Guru reported. Bitcoin fell below $74,000, ether below $2,125, XRP below $1.10 and Solana's token below $90. CoinGlass data cited by Cryptonews.net put…
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Derivatives Set Crypto Price Discovery
Leveraged perpetual futures keep displacing spot trading as the place where crypto prices form, which raises liquidation-driven volatility and pushes on-chain venues to compete on ordering rules that protect market makers.
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