Crypto liquidations top $1 billion as market sell-off hits longs
More than $1 billion in crypto positions were liquidated over a 24-hour window, with bullish bets bearing the brunt of the drop as major tokens fell alongside steep losses in traditional equities.
The cryptocurrency market suffered sharp losses on Nov. 6, 2026, as liquidations crossed the $1 billion threshold across trading desks. Market tracking account Whale Insider reported that $1.25 billion was wiped out in the preceding 24 hours, while crypto account @cryptogems555 indicated that nearly 90% of the liquidations were long bets. Market commentator TylerD similarly reported that over $1.1 billion in crypto longs had been liquidated during the downturn.[4][2][3][6]
The sell-off followed sharp retreats in broader financial markets, where AI stocks weighed on equity indexes. A Decrypt report showed the S&P 500 tumbled 3.8% on Thursday, Nov. 5, while @cryptogems555 noted the Nasdaq sank more than 5%. In digital assets, major tokens fell 4% to 6%, with Bitcoin sliding to between $75,500 and $76,100, Ether dropping 6% to $2,240, and Solana dropping 5% to $90.50.[2][6]
Selling pressure found little immediate relief from institutional inflows. CoinDesk reported that over $1 billion in bullish bets had been cleared while exchange-traded fund flows offered no help to spot prices. According to data shared by TylerD, Bitcoin spot ETFs registered $430 million in net outflows on Thursday, alongside $100 million in outflows from Ether ETFs. Despite the panic, commentator Teo Mercer observed that such painful corrections have historically served as attractive buying opportunities across Bitcoin market cycles.[1][5][6]
Key facts
- Whale Insider and @cryptogems555 reported $1.25 billion in crypto liquidations over a 24-hour period on Nov. 6, 2026.
- Nearly 90% of the liquidated positions were longs, with TylerD separately calculating more than $1.1 billion in liquidated long bets.
- Bitcoin dropped to between $75,500 and $76,100, Ether fell 6% to $2,240, and Solana declined 5% to $90.50.
- Spot Bitcoin ETFs recorded $430 million in net outflows on Thursday, while Ether ETFs saw $100 million in outflows.
- The crypto pullback coincided with an equities slide, as the S&P 500 fell 3.8% on Nov. 5 and the Nasdaq lost more than 5%.
Sources · 5 sources
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︎ Teo Mercer@TeoMercerPost on X ·
Over $1 billion in crypto liquidations in the last 24 hours. Fear is back, and everyone is panicking again. We've seen this in every Bitcoin cycle. Corrections always feel terrible in the moment, but they've also given us some of the best buying opportunities. I'm looking at this one the same way.
Open source - CG
Crypto GEMs 📈🚀@cryptogems555Post on X ·
Nasdaq dumped 5%+. $1.25B in crypto liquidations in 24h 🩸 Almost 90% were longs. $BTC sitting at ~$75.5K. Who's still buying? 👀 https://t.co/HGLYalnRnw
Open source - T�
TylerD 🧙♂️@Tyler_Did_ItPost on X ·
Over $1.1B in crypto longs liquidated over the past 24 hours https://t.co/aHlGgtO1pL
Open source - WI
Whale Insider@WhaleInsiderPost on X ·
JUST IN: $1.25 billion liquidated from the crypto market in the past 24 hours. https://t.co/NJEKclhN9i
Open source - CO
CoindeskArticle ·
Over $1 billion in bullish bets liquidated while ETF flows suggest no help in spot market Your day-ahead look for Nov. 6, 2026
Open source - T�
TylerD 🧙♂️@Tyler_Did_ItPost on X ·
The Morning Minute (11.6) ⏰Top News: -Crypto majors fall 4-6% as AI stocks crash; BTC at $76.1k -Over $1.1B in crypto longs liquidated on the day -Dems say they will investigate Trump business dealings, starting with WLFI -Solana Labs introduced Leap as a new mobile trading app -Lighter sees 2nd highest day of revenue since February 🌎 Macro Crypto and Markets -Crypto majors are very red down 4-6%; BTC -4% at $76.1k; ETH -6% at $2,240; SOL -5% at $90.5; HYPE -4% at $78.80; ZEC +2% at $1,320 -WLFI (+5%), PEPE (+5%), and ARB (+5%) led top alt movers -Oil +2% at $90; Gold -1% at $4,080 -Stock futures are rebounding after yesterday’s massive selloff; DOW -0.9%, Nasdaq +1.6% -Over $1.1B in crypto longs were liquidated in the past 24 hours during the crypto selloff -Representative Robert Garcia, expected to chair House Oversight under the new Democratic majority, said the committee will investigate the Trump family’s business dealings including its crypto ventures, with World Liberty Financial likely among the first targets and inquiries possibly beginning in February -Trump-backed American Bitcoin swung to a $126 million third-quarter profit from a $57.2 million loss in Q2, driven by a $197 million gain on its bitcoin holdings as prices rose -Zcash’s NU7 upgrade will permanently freeze about 12,224 ZEC worth roughly $15.6 million by invalidating the only transaction format that can move coins out of Sprout, the chain’s original 2016 privacy pool; the upgrade also cuts target block time from 75 seconds to 25 seconds -Solana Labs launched Leap, a mobile app for trading tokenized stocks, ETFs, metals, currencies and crypto around the clock, built by the Dialect team Solana Labs acquired this year -China’s central bank said it halted Solana’s planned Accelerate China 2026 events in Shanghai and other cities and will investigate the domestic entities that placed the project’s advertising in the Lujiazui financial district Corporate Treasuries & ETFs -The Bitcoin ETFs saw $430M in net outflows on Thursday; the ETH ETFs saw $100M in outflows Meme Coin Tracker -Meme leaders were mostly red; DOGE -4%, SHIB -3%, PEPE +4%, PENGU -6%, TRUMP even, SPX -5%, Bonk -3% -Robinhood chain leaders were very red; Pons -12% to $128M; Cashcat -8% at $94M; AI -23% at $40M; HOOKR +20% and Priors +8% led top movers -Solana top movers included BIRB +32%, COGE 78x, and Diamond +900%; Cards -25% giving back recent gains 💰 Token, Airdrop & Protocol Tracker -Hyperliquid led onchain protocols in revenue with $2.72M, followed by Pump Fun at $1.35M and Papertrade at $822k -Lighter had its 2nd highest day of revenue since early Feb yesterday with $314k -Pump Fun opened business development roles covering perpetual futures, prediction markets and a trading terminal, in an expansion beyond memecoins -Pump Fun also introduced a new Diamond mode for callouts, rewarding higher market cap calls and longer term holds 🚚 What is happening in NFTs? -NFT leaders were mixed; Punks even at 30.4 ETH, BAYC -1% at 5.6 ETH, Pudgy even at 2.25 ETH -Normies (+4%) led top movers
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