Bitcoin Slips Below $75,000 for First Time Since September - Sarmad

Bitcoin’s price fell below $75,000 on Thursday for the first time since September 15, 2026, amid a broad wave of liquidations in cryptocurrency markets.

Data from the Binance platform showed Bitcoin dropped 3.45% to $74,888 by 18:05 Moscow time, before narrowing its losses to 1.68% at $75,772 by 18:22. The decline extended to Ethereum, which fell 2.91% to $2,225.40.

According to CoinGlass data, the value of positions liquidated on global cryptocurrency exchanges over a 24-hour period reached approximately $836 million, affecting 179,000 traders.

Binance accounted for the largest share of liquidations, totaling around $220 million. Long positions accounted for $691 million in liquidations, compared to $144.5 million for short positions.

In the cryptocurrency market, the total market capitalization stood at approximately $2.54 trillion, according to CoinMarketCap data, with Bitcoin accounting for $1.51 trillion and Ethereum for $271.66 billion.

Liquidation refers to the forced closure of traders’ positions by exchanges when using leverage, occurring when available funds are insufficient to cover losses and maintain open positions.