Bitcoin Slides to $73,500 as Ether, XRP and SOL Drop and Liquidations Reach $1 Billion
Bitcoin fell to a multi-month low near $73,500 on Monday, while Ether dropped below $2,100 and XRP and SOL also declined. Liquidation totals varied by source, with CryptoPotato reporting more than $1 billion in wiped-out positions and The Defiant citing $580 million.
Written by CoinArticle’s AI Newsroom · from 2 cited sources. How we work
Bitcoin Reaches Its Lowest Level Since Mid-August
Bitcoin fell to $73,500 on Monday, its lowest level since the rally that began in mid-August, according to CryptoPotato. The Defiant reported bitcoin extending its decline beneath $73,000 on Coinbase spot markets. The two outlets' price references differ, and the gap likely reflects different exchanges and timestamps. CryptoPotato said bitcoin later recovered to just below $74,500.
The move extended a weak November. Markets had already closed October with heavy losses, particularly after a large hack at Binance at the end of that month. Bitcoin had also swung sharply around the conclusion of the US midterm elections, moving from about $78,000 down to $75,600, up to $81,000, and back below $75,000 within the same week.
Altcoins Fall Further Than Bitcoin
Ether was hit harder than bitcoin. CryptoPotato reported ETH falling below $2,100 and coming within inches of $2,000, a level it had not traded below since mid-August. XRP traded at $1.09 at press time after dipping to $1.06 in CryptoPotato's data, while The Defiant recorded XRP below $1.05 on Coinbase. For SOL, The Defiant reported a Coinbase price below $82. CryptoPotato also reported new all-time lows for PI and declines of 6% or more for RAY, ASTER, STX and LIT.
Liquidations: Sources Disagree on Scale
The two outlets report different liquidation totals. CryptoPotato, citing CoinGlass data, said more than 155,000 traders were liquidated over the past 24 hours, with total liquidated positions exceeding $1 billion. Longs accounted for over $930 million of that. The Defiant put total liquidations at $580 million. The difference may reflect different measurement windows or methodologies, and neither outlet's figure has been reconciled with the other. Both agree that long positions made up the majority of liquidations.
Ether was the most affected asset by CryptoPotato's figures, with $455 million in liquidated long positions, well above bitcoin. The single largest liquidated position in that dataset was roughly $50 million in ETH on Binance.
What to Watch
The immediate question is whether bitcoin holds the $73,500 area after its recovery attempt. Market moves this week have been driven partly by geopolitical headlines, including new attacks between the US and Iran, and by leveraged positioning that amplifies price swings in both directions.
Why It Matters
For Traders
Liquidation clusters near current levels mean further sharp moves are possible, so leveraged positions carry elevated risk over the next 24 to 72 hours.
For Investors
Bitcoin's break to a multi-month low extends a weak November and keeps the market's recent recovery under pressure.
For Builders
Heavy liquidation volume on centralized venues underscores the value of robust margin engines and clear liquidation-data infrastructure for trading products.
This article is for information only and is not financial advice. Read the full disclaimer.
