Over $1 billion in liquidations: Why is Bitcoin down today?

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November 4, 2025 · 9:09 AM

Over $1 billion in liquidations: Why is Bitcoin down today?

On November 3, Bitcoin fell below $106,505.22, marking a 3.6% decline in 24 hours, influenced by a stronger US dollar and ongoing ETF outflows. It has now dropped below $104,000 for the first time since June. Ethereum also experienced a significant drop, trading at $3,490, down 9%. The article notes that over $1 billion in liquidations occurred, contributing to the downward trend in the crypto market.

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Over $1 billion in liquidations: Why is Bitcoin down today? | cryptobinto