Bitcoin fell toward $74,000 on Monday, 9 November, after a weekend that had held near $75,700. The Crypto Times, citing CoinGecko, put the coin at $74,289.35 around 06:00 UTC, down 2.0% over 24 hours. The session ran from $73,963.34 to $76,105.67. Investing.com, via Yahoo Finance, had bitcoin at $74,392.2 by 01:19 ET, down 1.9%. Sunday's hold is in the weekend markets note.
Longs took about 90% of a $1.04 billion wipeout
The drop forced leveraged traders out. CoinGlass data cited by The Crypto Times showed $1.04 billion of crypto liquidations over 24 hours at 06:01 UTC. Long positions accounted for $933.40 million, or 90.1%. Shorts made up $102.56 million. The feed recorded 155,187 traders liquidated. About $989.73 million of that, including $906.23 million of longs, landed in the most recent 12 hours. Activity then slowed to $22.37 million over four hours.
Ether led the forced selling. Ethereum liquidations were $455.37 million, and 91.9% of those were longs. Bitcoin followed with $279.19 million, of which $256.16 million were longs. Together the two coins were about 71% of the total. The largest single order was a $48.16 million ETH/USDT long on Binance, closed at $2,095.50. Binance handled 49.1% of all liquidations. A companion note from the same desk said ether itself fell 4.4% to $2,136. crypto.news had ether near $2,100 as bitcoin moved under $75,000.
The coin is back under Strategy's average cost
Monday's print sits under the price Strategy paid for its stack. The company held 849,327 BTC at an average of $75,451, acquired for about $64.1 billion, as recorded in the 3 November buy note. The Crypto Times put the same average at $75,451 and said a $74,289 price left the holdings roughly $1 billion under that cost, near $63.1 billion. That gap does not force a sale. It is a marker traders watch. Open interest in bitcoin perpetual futures was $67.12 billion, with 24-hour spot volume of $21.15 billion and a market value near $1.498 trillion, CoinGecko figures in the same report showed.
Tuesday's inflation report is the next test
Spot bitcoin ETFs already finished last week $1.28 billion lower and negative for 2026, covered in Friday's flow note. The macro calendar now turns to October CPI on Tuesday, 10 November, at 8:30 a.m. ET. Markets on Monday priced a December Federal Reserve hike near 81%, in the economy briefing. A hot monthly print would keep pressure on a market that just cleared a large block of long leverage. A cool one is the first chance to see whether buyers defend the $74,000 area. Gold above $4,120 and Brent near $97 are in the commodities update. Follow the week on the markets desk.