Bitcoin fell below 75,000 dollars on Friday, its lowest level since 21 August, as leveraged positions were wiped out across the market. According to CoinGlass, about 1.05 billion dollars of such positions were liquidated over 24 hours. By our market data, as of 00:37 GMT on Saturday, bitcoin was trading at $75,724, down 0.19 percent from the previous close.
The slide came after bitcoin had risen above 81,000 dollars the day after the 3 November midterm elections. The Democratic victory was followed by a sell-off in AI stocks on Wall Street, where the Nasdaq 100 had its worst session since March 2020. Bitcoin’s decline then accelerated.
Outflows from US funds
US spot bitcoin ETFs recorded net outflows of 430.2 million dollars on Thursday 5 November and 411.9 million dollars on Friday, according to SoSoValue. Combined, the two days took out about 840 million dollars. BlackRock’s IBIT alone saw net outflows of 403 million dollars on Friday.
Cumulative net inflows into US spot bitcoin ETFs stood at 56.1 billion dollars on 5 November, down from 56.6 billion dollars at the end of 2025. Year to date, the funds are roughly 900 million dollars in negative territory.
Macro backdrop
US payrolls rose by 165,000 in October, well above the 65,000 expected, and the unemployment rate was 4.1 percent. The stronger data reduced expectations of rapid Federal Reserve rate cuts, weighing on risk assets. The Fear & Greed index fell from 28 on Thursday evening to 25 on Saturday.
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Source: Federal Reserve · CoinGlass | Data: CoinGecko
