Bitcoin Long Liquidations Exceed $1.1 Billion as Selling Pressure Persists
More than $1.1 billion in bullish crypto positions were liquidated in 24 hours as weak spot demand and institutional ETF outflows limited the rebound.
More than $1.1 billion in bullish crypto positions were liquidated in 24 hours as weak spot demand and institutional ETF outflows limited the rebound. Bitcoin (BTC) is trading at $75,826.00. This is an original TLT brief synthesising 3 outlets (Cointribune, Bitcoinist, Blockonomi), with their figures cross-checked, plus live market data, as of Fri, 06 Nov 2026 20:45:02 UTC.
The liquidations show that forced selling can amplify a market decline, but weak fresh demand leaves prices vulnerable to prolonged pressure. The combination of leverage unwinds and retreating institutional flows affects Bitcoin’s ability to stabilize after leveraged positions are removed.
- $1.1B in bullish crypto positions liquidated within 24 hours
- Weak spot buying and institutional ETF outflows limited the rebound
- Bitcoin trades at $75,855, down 0.48% over 24 hours
- Crypto Fear & Greed index stands at 28
Cointribune and Bitcoinist independently report that more than $1.1 billion in bullish cryptocurrency positions were liquidated over a 24-hour period, with the figure cross-checked across both outlets. Bitcoinist additionally attributes limited buying momentum to institutional investors withdrawing from spot Bitcoin ETFs, while Cointribune emphasizes that the liquidation-driven decline did not produce a meaningful rebound and that spot demand remained too weak. Blockonomi’s supplied summary does not directly cover the liquidation event; it instead focuses on Franklin Templeton’s annual results, including $1.08 billion in net income, $1.8 trillion in assets under management and $84.6 billion in ETF assets, so it does not independently corroborate the Bitcoin liquidation claim.
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- Bitcoin Long Liquidations Exceed $1.1 Billion as Selling Pressure Persists — this brief
Cointribune and Bitcoinist report that more than $1.1 billion in bullish cryptocurrency positions were forcibly closed during a 24-hour market sell-off. Cointribune describes the destruction of those leveraged positions as insufficient to generate a genuine rebound, while Bitcoinist frames the episode as another setback for 
Bitcoin after the asset struggled to gain traction.
The reported liquidation total coincided with continued weakness in the mechanisms that could support a recovery. Cointribune says spot purchasing remained too subdued to regain control of the market, and Bitcoinist reports that institutional investors continued pulling money from spot Bitcoin ETFs. Together, the accounts emphasize limited fresh demand alongside aggressive forced selling.
The two matching summaries corroborate the central $1.1 billion figure and connect the decline to the removal of bullish leverage. Their emphasis differs slightly: Cointribune focuses on the absence of a rebound after the liquidations, whereas Bitcoinist highlights weak ETF flows and Bitcoin’s broader struggle to establish momentum. Blockonomi’s supplied coverage does not repeat the liquidation details and instead centers on Franklin Templeton’s financial and asset-management results.
That difference matters when assessing institutional context. The Franklin Templeton figures supplied through Blockonomi include annual net income of $1.08 billion, record assets under management of $1.8 trillion, long-term net inflows of $84.1 billion and ETF assets rising 73% to $84.6 billion. These figures are not presented as a direct contradiction of Bitcoin ETF outflows, but they come from a separate institutional story rather than evidence confirming the liquidation event.
Bitcoin traded at $75,855, down 0.48% over 24 hours and 1.06% over seven days, with a market capitalization of $1.53 trillion. The total crypto market stood at $2.62 trillion and was broadly flat, while the Fear & Greed index registered 28, indicating a fear regime. 
JUST moved in the opposite direction, gaining 2.85% over 24 hours and 5.39% over seven days to $0.143226. The combination of a $1.1 billion long-liquidation figure, subdued spot demand, continued Bitcoin ETF outflows and negative short-term BTC performance shows why the next market signal will come from renewed buying rather than the liquidation of leverage alone.
Since this brief published about 2 hours ago, Bitcoin (BTC) has moved from $75,855.00 to $75,826.00 — -0.04%.
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 TLT'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.
At today's peer-to-peer rate, 1 BTC ≈ ₦104.63M (about $75,826.00), down 0.4% over 24 hours. The naira itself trades about 2.4% above the official rate on the P2P market, so a Nigerian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the assets in this story — live, source-stamped, updated every 15 minutes.
1 key figure independently matched across 3 outlets reporting this story.
TLT extracts the figures each outlet reports and flags the ones that agree. Numbers cited by only one outlet are attributed in the brief, not shown as corroborated.
Bitcoin Long Liquidations Exceed $1.1 Billion as Selling Pre — questions & answers
How much was liquidated during the crypto sell-off?
Cointribune and Bitcoinist both report that more than $1.1 billion in bullish crypto positions were liquidated within 24 hours.
Why did Bitcoin not rebound after the liquidations?
Cointribune and Bitcoinist point to weak spot purchasing and institutional withdrawals from spot Bitcoin ETFs, leaving insufficient fresh demand to absorb the selling pressure.
How is Bitcoin performing now?
Bitcoin is priced at $75,855, down 0.48% over 24 hours and 1.06% over seven days. The broader crypto Fear & Greed index stands at 28.
How much is 1 Bitcoin worth in naira today?
About ₦104.63M at the live peer-to-peer (P2P) USDT rate, which is what Nigerians typically trade at — equivalent to roughly $75,826.00. The naira price moves with both BTC's US-dollar price and the USDT/NGN rate; use our Bitcoin in naira page for any amount.
Which outlets reported this story?
This is an original TLT brief that synthesises reporting from Cointribune, Bitcoinist, Blockonomi, with the key figures cross-checked for agreement across them. 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 TLT 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.