Bitcoin falls below $76K as crypto crash wipes out $954M in longs

Bitcoin dropped below $76,000 on Nov. 5, falling 5.8% over 24 hours, as a broad crypto selloff wiped out $954.38 million in leveraged long positions. Total 24-hour liquidations reached $1.08 billion, according to CoinGecko. The scale of forced long liquidations signals heavy deleveraging and could keep near-term volatility elevated for traders.