From the Blackmint News archive. Prices and details may have changed since publication.
Bitcoin Falls to Seven-Week Low Near $75,200
Ether dropped about 7.5% over 24 hours to near $2,236. CoinGlass data cited by Unchained put crypto liquidations above $1.26 billion.
Bitcoin fell as low as about $75,200 late Thursday, its weakest print since mid-September, as a selloff in AI and chip stocks pulled U.S. equities lower, Unchained reported, citing Binance trading data.
The coin traded near $76,050 around 6 a.m. ET Friday, down about 5.2% over 24 hours, per CoinGecko. Ether sat near $2,236, down about 7.5% on the same window.
A leveraged washout followed the cash move.
Nasdaq led the equity drop
Unchained said the Nasdaq Composite closed Thursday down 5.52% and the S&P 500 fell 4.36%, both their worst sessions since April 2025, with the Nasdaq 100 off 6.36% and Nvidia down 9.26%. Bitcoin's decline was smaller than the Nasdaq 100's on the day.
Much of bitcoin's slide came between about 9 a.m. and 11 a.m. ET Thursday, around the U.S. stock open, when the price fell from about $79,700 to about $75,568 on Binance, Unchained's account of the session shows. That erased a post-midterm bounce that had lifted bitcoin above $81,000 on Wednesday.
How liquidations work here
When traders hold futures or perpetual contracts with borrowed money, a sharp price move can automatically close those positions once collateral runs thin. Those forced closes are liquidations. CoinGlass data cited by Unchained showed about $1.26 billion in crypto liquidations in the 24 hours to roughly 2:43 a.m. ET Friday, with longs making up about 88.6% of the total and bitcoin accounting for about $332 million.
Alternative.me's Crypto Fear & Greed Index stood at 28 (Fear) on Friday morning, down from 50 a day earlier, the candidates dashboard and Unchained both noted.
U.S. spot bitcoin ETFs had already posted a $430.2 million net outflow on Nov. 5, Farside Investors data show, covered in Black Mint's overnight file.
In our opinion: the number worth chasing next is whether bitcoin can hold above Thursday's low near $75,200 once U.S. cash equities reopen. The Fear reading at 28 and the ETF outflow on Nov. 5 already show sellers were active before the overnight bounce to $76,000.
Sources: Unchained · CoinGecko (Bitcoin) · CoinGecko (Ethereum) · Farside Investors (Bitcoin ETF flows)
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