Bitcoin · Weekly close
Bitcoin closes a fifth straight losing week below $75,000 after a late-Sunday liquidation wave; ether drops 6.5%
Bitcoin's weekly close near $74,851 marked a fifth straight red week after about $745 million of crypto liquidations hit in one hour late Sunday.
Bitcoin has now lost ground for five weeks running. On Binance's BTC/USDT market the weekly candle that ended at 00:00 UTC on Monday (08:00 Asia/Macau) opened at $78,354 and closed at $74,851, a fall of about 4.5%. It was the largest weekly decline of the current streak, and it came mostly in the last few hours of Sunday trading.
A VoxTradePro snapshot of CoinGecko prices at 08:07 Asia/Macau on Monday put bitcoin near $74,551, down about 1.6% over 24 hours and 4.1% over seven days. Bitcoin's share of total crypto market value rose to about 60.3%, a sign that the selling hit smaller coins harder.
How the streak built up
The run started after the week ending 4 October, which closed at $86,530 on Binance. Each of the next five weeks finished lower:
| Week ending (Sunday) | Weekly close | Change |
|---|---|---|
| 11 October | $83,773 | −3.2% |
| 18 October | $82,116 | −2.0% |
| 25 October | $80,154 | −2.4% |
| 1 November | $78,354 | −2.3% |
| 8 November | $74,851 | −4.5% |
Added together, bitcoin closed about 13.5% below its 4 October level. Basecamp Markets, writing before the close, said a fifth red week would be only the fourth streak of that length on Binance's chart since 2017. It also noted that earlier streaks had cost far more, between roughly 18% and 38%, so the current one is a steady grind lower rather than a crash.
The late-Sunday flush
For most of the weekend bitcoin stayed in a narrow band around $75,700–$76,100. Then, in the hour from 21:00 UTC on Sunday (05:00 Monday in Asia/Macau), Binance candles show a drop from about $75,744 to a low of $73,510, the weakest level of the week, before a partial bounce into the close.
Leveraged traders took most of the damage. TokenPost reported about $745 million in liquidations in the hour to 22:21 UTC, of which roughly $715 million were long positions. BeInCrypto, citing CoinGlass, put 24-hour liquidations at about $855.7 million, with longs making up 90.2% and more than 140,000 traders affected. A liquidation is a forced close of a leveraged position once losses eat through the margin; a cluster of them can push prices further in the same direction.
Ether took the bigger hit
Ether was the weaker of the two largest coins. Its Binance weekly candle closed at $2,127, down about 6.5% from $2,275, after touching $2,060. TokenPost said ether accounted for about $343 million of 24-hour liquidations against $229 million for bitcoin, and that the largest single liquidation was a $48.16 million position on Binance's ETH/USDT market. CoinGecko data in our snapshot showed ether down about 5.2% over 24 hours.
Levels and flows analysts are watching
BeInCrypto cited a Glassnode estimate that the average purchase price of short-term holders sits near $75,700. Basecamp Markets put the 50-week moving average near $75,557 on Sunday. Bitcoin closed the week below both. Neither is a guaranteed barrier, but many traders treat such levels as support and resistance zones, so a move back above them, or a failure to reclaim them, is likely to shape sentiment this week.
Flows are the other part of the story. Farside Investors' data showed US spot bitcoin ETFs losing about $1.28 billion across 2–6 November, as covered in our weekly outlook. Monday's US session will show whether that selling continues.
What comes next
The main scheduled event is US inflation data. The Bureau of Labor Statistics plans to publish the October consumer price index on Tuesday 10 November. After a strong jobs report raised the odds of a December Fed rate hike, a hot reading would add to the pressure on risk assets, while a cooler one could ease it.
Track the market on our crypto market dashboard, the liquidation heatmap and the fear and greed index. If you trade with leverage, the liquidation price calculator and our guide to position sizing show how quickly a move like Sunday's can close a position.
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Free tools: Paper trading simulator · Crypto converter · Liquidation calculator · Position size calculator
Sources
- Binance public market data, BTC/USDT and ETH/USDT weekly and hourly candles (UTC); week of 2 November BTC open $78,354.01, high $81,196.01, low $73,510.00, close $74,851.44; ETH open $2,275.30, close $2,127.46, low $2,060.00; earlier weekly closes $86,530, $83,773.12, $82,116, $80,154.09, $78,354, retrieved 9 November 2026
- VoxTradePro market snapshot (CoinGecko via site fetcher), bitcoin $74,551 (−1.6% 24h, −4.1% 7d), ether $2,119 (−5.2% 24h, −6.1% 7d), total market cap about $2.48 trillion, bitcoin dominance about 60.3%, 9 November 2026 08:07 Asia/Macau
- TokenPost, Crypto markets see $745 million in liquidations in one hour; $715 million longs, ETH $343 million vs BTC $229 million over 24 hours, largest single $48.16 million on Binance ETH/USDT, 8 November 2026
- BeInCrypto, Crypto liquidations surge as bitcoin falls below $74K; CoinGlass $855.69 million in 24 hours, 90.2% longs, more than 140,000 traders; Glassnode short-term holder cost basis near $75,700, 8 November 2026
- Basecamp Markets, Bitcoin weekly candle heads for a 5th red week in a row; fourth streak of five on Binance since 2017; 50-week moving average about $75,557, 8 November 2026
- Farside Investors, Bitcoin ETF Flow (US$m), daily totals 2–6 November 2026 summing to about −$1,281.7 million, 8 November 2026
- U.S. Bureau of Labor Statistics, Schedule of Releases for the Consumer Price Index, October 2026 CPI due 10 November 2026
Not financial advice. This article is for general information and education only. It is not a recommendation to buy, sell or hold any asset. Prices move quickly and figures quoted may already be out of date; markets involve risk, including the loss of capital. See our disclaimer.