Bitcoin and Ether hit lowest closes since August as $1 billion in crypto positions are liquidated
Bitcoin closed at $74,740 and Ether at $2,124 on November 8, their lowest daily closes since August, after more than $1 billion in crypto positions were liquidated. Forced sales, mostly from leveraged long trades, intensified the market decline.
By DoomRadar · Published on DoomRadar . Updated .
Places in the report
- United States[1]
Countries named in the cited reporting. Highlighting does not show the area affected. Map: Natural Earth.
How the effects could reach youConditional effects
Event date: The lowest closes and the reported liquidation cascade occurred on November 8, 2026. [2]
What happened
Bitcoin closed at $74,740 on November 8, its lowest daily close since August 20, when it finished at $73,021. Ether ended at $2,124, its lowest close since August 18, when it closed at $1,916. [2]
References for this detail (1)
- Bitcoin and Ethereum Just Hit Their Lowest Prices Since August After $1 Billion in Liquidations. Where Do Analysts Say They Bottom?aol.com · Article published: Nov 9, 2026, 5:01 PM UTC
More than $1 billion in crypto trading positions were liquidated during the 24 hours leading up to 22:00 UTC on November 8. About $913 million came from long positions, which depend on prices rising and are often funded with borrowed money. [2]
References for this detail (1)
- Bitcoin and Ethereum Just Hit Their Lowest Prices Since August After $1 Billion in Liquidations. Where Do Analysts Say They Bottom?aol.com · Article published: Nov 9, 2026, 5:01 PM UTC
When losses exhaust a leveraged trader's collateral, an exchange can close the position. Those forced sales add supply to a falling market and can trigger further liquidations, creating a downward cascade. [2]
References for this detail (1)
- Bitcoin and Ethereum Just Hit Their Lowest Prices Since August After $1 Billion in Liquidations. Where Do Analysts Say They Bottom?aol.com · Article published: Nov 9, 2026, 5:01 PM UTC
By November 9, Bitcoin had recovered only slightly to about $75,034 and Ether to approximately $2,134. Over the previous 30 days, Bitcoin had lost 9.2% and Ether 14.5%, according to the report. [2]
References for this detail (1)
- Bitcoin and Ethereum Just Hit Their Lowest Prices Since August After $1 Billion in Liquidations. Where Do Analysts Say They Bottom?aol.com · Article published: Nov 9, 2026, 5:01 PM UTC
The Hindustan Times attributed investor concern to expectations that a Democrat-controlled U.S. Congress could bring stricter cryptocurrency oversight after the previous week's midterm election victory. The report did not establish that regulation caused the liquidation cascade. [1]
References for this detail (1)
- US crypto market today: Bitcoin, Ether hit lowest levels since August as Democrats' midterm win raises regulation fearshindustantimes.com · Article published: Nov 9, 2026, 11:16 AM UTC
Context from the sources
Ether had fallen about 1% below its 200-day moving average, while Bitcoin remained above that technical threshold. FxPro analyst Alex Kuptsikevich said the market could test Bitcoin's 200-day average, describing it as an important level for bearish sentiment. [2]
U.S. spot bitcoin exchange-traded funds recorded $430.2 million in net outflows on November 5, and weekly net redemptions reached about $869.8 million through Thursday, according to Kitco. [3]
Explore the sources and reporting timeline
3 source links · 3 domains
These counts describe the references, not independent confirmations. Different outlets can repeat the same original report.
Source timeline
Oldest to newest among the available source dates, not a chronology of the incident. Article publication dates come from the source; other recorded dates may reflect when a link was found.
- [1] US crypto market today: Bitcoin, Ether hit lowest levels since August as Democrats' midterm win raises regulation fearshindustantimes.comReferenced for: detail 5
- [3] Crypto SWOT: U.S. spot bitcoin ETFs saw $430.2 million in net outflows on November 5kitco.com
- [2] Bitcoin and Ethereum Just Hit Their Lowest Prices Since August After $1 Billion in Liquidations. Where Do Analysts Say They Bottom?aol.comReferenced for: detail 1, detail 2, detail 3, detail 4
What this could mean for you
Leveraged crypto accounts may face further forced closures and rapid balance losses.
Falling prices reduce collateral; exchanges close positions when collateral is exhausted, adding forced sales to the market.
Reported basis: [2] · The possible effect is interpretation.
Depends on: Prices continue falling and leveraged positions remain open.
Possible time frame: days, if those conditions hold.
People holding crypto-linked savings or investments may see their available wealth fall sharply.
Bitcoin and Ether price declines directly reduce the value of those holdings.
Reported basis: [2] · The possible effect is interpretation.
Depends on: The reported losses deepen or persist.
Possible consequences, not a forecast. Their relevance depends on your location and the conditions above.
For your country
Choose a country to check how this event could affect you.
What changes the outlook
Risk increases if…
Another sustained price decline that exhausts more leveraged traders' collateral would add forced selling.
Continued outflows from U.S. spot bitcoin ETFs would provide another documented source of selling pressure.
Pressure eases if…
A stabilization above key moving-average levels could reduce pressure on leveraged positions, although the sources do not establish that this has occurred.
A return of net inflows to spot bitcoin ETFs could ease one reported source of selling pressure.
Still unclear
The excerpts do not establish the single trigger for the liquidation cascade.
The reports do not show how long the decline or the ETF outflows will continue.
Market implications
Market impact
Sources (3)
References for the reported details. Separate links do not necessarily mean independent confirmation.
Available excerpt
Bitcoin and Ether, the world's two biggest cryptocurrencies, dropped to their lowest levels since August as investors worried that a Democrat-controlled US Congress could bring…A short excerpt from our source record; open the original for the full article.
Available excerpt
Over $1 billion in liquidations, mostly forced long sales, triggered a cascade that pushed Bitcoin and Ethereum to their lowest closes since August. Bitcoin still…A short excerpt from our source record; open the original for the full article.
Available excerpt
Morgan Stanley is among the first major banks to use the Depository Trust & Clearing Corporation's (DTCC) new tokenization service to create blockchain-based representations of…A short excerpt from our source record; open the original for the full article.
First tracked by DoomRadar: . AI-assisted analysis · . Based on linked headlines and available excerpts. Methodology · Report an error.