Risk Assets Sell Off as Bitcoin Drops Below $76,000

Blockonomi reported a broad selloff across US stocks and major cryptocurrencies following the US midterm results. During intraday trading, the Nasdaq fell 5.10%, the S&P 500 declined 3.43%, and the Dow lost 2.41%. In the same report, Bitcoin fell 5.97% to $75,695.68, while Ether dropped 7.29% to $2,247.74 on Binance market data. The report attributed substantial damage to crypto derivatives positions, citing CoinGlass data showing $1.03 billion in liquidations over 24 hours. That total included $818.90 million in long liquidations during a four-hour period, indicating that falling prices forced a significant volume of leveraged positions to close. The coverage is from a single outlet, with no independent reporting supplied to confirm the figures or establish additional details about the catalysts behind the move. Blockonomi’s snapshot also differs from the live market feed: it placed Bitcoin at $75,695.68 after a 5.97% decline, while the current data shows $76,018 and a 5.14% 24-hour loss. The difference may reflect timing and pricing-source variation rather than a contradictory market direction. Live data show the broader crypto market remains under pressure, with total market capitalization at $2.62 trillion. Bitcoin is down 5.84% over seven days and has a $1.53 trillion market capitalization, while the Fear & Greed index stands at 50, classified as Neutral. The combination of equity losses, a crypto selloff, and concentrated long liquidations makes Bitcoin’s ability to remain near $76,000 and the pace of further liquidations the main indicators to monitor.