Bitcoin Breaks 50-Week Average Amid $1.15 Billion in Liquidations
Bitcoin fell below a key technical level as $1.15 billion in crypto liquidations intensified market pressure.
Bitcoin fell below a key technical level as $1.15 billion in crypto liquidations intensified market pressure. Bitcoin (BTC) is trading at ₹70,34,846 ($74,801.00). This is an original Token Times brief based on reporting by Cointribune, with live market data added, as of Mon, 09 Nov 2026 21:15:01 UTC.
The move below the 50-week moving average weakens the case for a sustained recovery, while heavy long liquidations show how forced deleveraging can amplify an ordinary decline. The distinction matters for assessing whether weakness reflects broad selling or temporarily forced position closures.
- Bitcoin closed below its 50-week moving average after seven weeks above it
- Cointribune reported $1.15 billion in crypto liquidations
- Bitcoin trades at $74,795, down 1.37% over 24 hours
- Total crypto market capitalization stands at $2.56 trillion
- Bitcoin Liquidations Top $1 Billion as Market Recovery Stalls
- Bitcoin Breaks 50-Week Average Amid $1.15 Billion in Liquidations — this brief
Cointribune reported that 
Bitcoin closed below its 50-week moving average after spending seven consecutive weeks above that level. The technical break coincided with a broad downturn across the crypto market and weakens the outlook for a sustainable recovery.
Liquidation data added $1.15 billion to the picture, with long positions accounting for a substantial part of the forced closures. Cointribune said some of Bitcoin’s decline came from deleveraging rather than voluntary selling, making it difficult to read the price move as a straightforward expression of investor sentiment.
Live market data showed Bitcoin at $74,795, down 1.37% over 24 hours and 2.74% over seven days. Its market capitalization was $1.5 trillion, while the total crypto market was valued at $2.56 trillion and trading broadly lower.
Market sentiment remained defensive, with the Fear & Greed Index at 29, placing it in the Fear zone. The combination of a technical breakdown, declining prices and sizable long liquidations indicates pressure across both the broader crypto market and Bitcoin specifically.
The immediate focus is whether Bitcoin remains below the 50-week moving average and whether liquidation pressure continues to accompany further weakness. Because forced position closures contributed to the decline, traders may need to distinguish temporary deleveraging from continued voluntary selling when evaluating the market’s direction.
Since this brief published about 2 hours ago, Bitcoin (BTC) has moved from ₹70,34,281.64$74,795.00 to ₹70,34,845.93$74,801.00 — +0.01%.
The chart plots BTC's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from Token Times's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
Will Bitcoin dip to $70,000 by December 31, 2026?
Crowd-implied probability on Polymarket, ₹7.93M 24h volume, resolves Jan 1 — snapshotted when this brief published (Nov 9 20:05 UTC). A market price reflects what traders collectively expect; it is not a forecast by Token Times and will have moved since. View the market ↗
At today's peer-to-peer rate, 1 BTC ≈ ₹7.48M (about $74,801.00), down 1.1% over 24 hours. The rupee itself trades about 6.3% above the official rate on the P2P market, so a Indian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the asset in this story — live, source-stamped, updated every 15 minutes.
Bitcoin Breaks 50-Week Average Amid $1.15 Billion in Liquida — questions & answers
What technical level did Bitcoin fall below?
Bitcoin closed below its 50-week moving average after holding above that level for seven consecutive weeks, according to Cointribune.
How much were crypto liquidations during the decline?
Cointribune reported $1.15 billion in crypto liquidations, including substantial long liquidations.
What was Bitcoin’s live market position?
Bitcoin traded at $74,795, down 1.37% over 24 hours and 2.74% over seven days, with a $1.5 trillion market capitalization.
How much is 1 Bitcoin worth in rupee today?
About ₹7.48M at the live peer-to-peer (P2P) USDT rate, which is what Indians typically trade at — equivalent to roughly $74,801.00. The rupee price moves with both BTC's US-dollar price and the USDT/INR rate; use our Bitcoin in rupee page for any amount.
Which outlets reported this story?
This is an original Token Times brief that synthesises reporting from Cointribune. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original Token Times brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.