Historical report: Published November 7, 2026, at 00:34:07 UTC+8, covering Friday’s November 6 trading.
Bitcoin traded near $75,570 after falling to $74,780.91, its lowest intraday price since August 21—77 days earlier. The decline accompanied a sharp selloff in AI-related stocks and another wave of forced closures in crypto derivatives markets.
The pressure was concentrated in bullish leveraged bets. But the parallel declines in stocks and crypto do not, by themselves, establish that the equity selloff caused Bitcoin’s fall.
Bullish positions take most of the liquidation losses
According to CoinGlass data cited by Decrypt, crypto liquidations totaled $1.05 billion over the preceding 24 hours:
- Long positions: $930.04 million, or 88.2% of the total.
- Short positions: $124.69 million.
- Bitcoin positions: $267.20 million, with longs accounting for 88.9%.
- Ethereum positions: $167.14 million, with longs accounting for 81.1%.
Liquidations occur when an exchange automatically closes a leveraged position because its collateral is insufficient. Forced closures of long positions can add selling pressure to an existing decline.
Sentiment had also weakened. The Fear and Greed Index stood at 28 out of 100, approaching extreme fear, compared with a neutral reading a week earlier, before the U.S. midterm elections. The scale runs from maximum fear at zero to maximum greed at 100.
AI stocks and rate expectations frame the retreat
Thursday’s technology-stock selloff was severe. The Nasdaq Composite fell 5.52%, its worst session in 19 months. The Philadelphia semiconductor index dropped more than 12%, while Nvidia lost over 9%. The S&P 500 declined 4.36%, erasing roughly $3 trillion in market value across its constituent companies.
Decrypt reported that Democratic victories in Tuesday’s midterm elections had raised concerns about tougher AI regulation potentially slowing data-center construction. Bitcoin had already surrendered its post-election relief rally as chipmakers fell.
A stronger-than-expected U.S. October jobs report also increased expectations of another Federal Reserve rate increase in December. Higher borrowing costs can weigh on speculative markets, even as chip stocks recover some ground.
What the chart showed—not what it guaranteed
Bitcoin’s weekly chart showed another red candle and a sequence of lower highs since September, when it briefly traded above $87,000.
At the reporting snapshot, Bitcoin was below both its 50-day exponential moving average near $79,756 and its 200-day EMA around $76,497. Although the shorter average remained above the longer one—a longer-term bullish configuration—the price had fallen beneath both lagging indicators.
The Relative Strength Index was 37.7, below neutral at 50 but above the conventional oversold threshold of 30. The Average Directional Index stood at 19.7, indicating weak trend strength; its directional components leaned bearish.
The source identified these conditional chart levels:
- Immediate support: approximately $74,780, around the intraday low.
- If a daily close broke that level: $73,000–$72,500 around August’s breakout, followed by $70,000 if that zone failed.
- On a recovery: the 200-day EMA near $76,497, followed by resistance near $80,000.
Friday’s daily candle was still open when the report was written. These were chart-based scenarios, not confirmed outcomes or investment recommendations.