Bitcoin at $73,761 on Sunday: over $1 billion liquidated and ETFs bleeding
The weekend extended Thursday's drop. BTC, still at $75,700 on Sunday afternoon, fell to $73,761 on Sunday evening, its lowest since August, before bouncing back toward $74,800 to $75,000 on Monday morning. ETH fell below $2,100, with a low near $2,060, and trades around $2,130 to $2,145, down 4 to 5% over 24 hours. On Wednesday, bitcoin was still above $80,000.
CoinGlass counts more than $1 billion of positions liquidated in 24 hours, including $913 million of bets on a rise, $448 million on ether and $272 million on bitcoin. Most of it went in a few hours, in a thin Sunday market, on two pieces of news unrelated to crypto: the investigation opened by Nvidia's board into its CEO Jensen Huang, and Marco Rubio saying talks with Iran are at a standstill.
The index funds aren't helping. US spot bitcoin ETFs lost $1.28 billion between November 2 and 6, their worst week since June. Ether ETFs gave back $365 million, a sixth straight week of outflows. For you, a drop triggers nothing: in France, only a sale for euros counts for tax. The ETFs reopen on Monday at 9:30 am New York time, and US inflation for October comes out on Tuesday.
Bitcoin fell to $73,761 on Sunday evening, its lowest since August
Bitcoin fell again this weekend. On Sunday evening it dropped to $73,761, a level it hadn't touched since August, before climbing back toward $75,000 overnight. Ether (the crypto of the Ethereum network) did worse: it fell below $2,100, down 4 to 5% on the day. Stock markets were closed, and two pieces of bad news with nothing to do with crypto were enough: an internal investigation into Nvidia's boss, and talks with Iran at a standstill.
If you're simply holding your crypto, nothing concrete happens to you. A drop isn't a sale, and there's no tax to worry about. The damage mostly hit people who had bet on a rise with borrowed money (leverage): more than $1 billion of those bets were force-closed in 24 hours. Your balance sheet probably shows red this morning. The next event to watch is the US inflation figure, on Tuesday afternoon.
Read the expert version
Bitcoin: low of $73,761, $913 million of longs liquidated, $1.28 billion out of ETFs
BTC touched $73,761 late on Sunday, November 8 ($73,708 according to BeInCrypto), its lowest since August and about $600 above its 200-day moving average ($73,150 according to CoinDesk), then recovered toward $74,800 to $75,000 before 6 am Paris time on Monday. The 100-day average, near $77,430, acts as resistance. ETH fell to about $2,060, 8% below its high of the day at $2,243, and the ETH/BTC ratio slips to 0.0286.
The aggregators disagree on the liquidations: $856 million for BeInCrypto, more than $1 billion for CoinGlass ($913 million of longs, $448 million on ETH, $272 million on BTC, a single $48 million ETH/USDT position on Binance), $1.3 billion for MyToken. The time windows differ, but the share of longs, above 90%, is the same everywhere. The move played out in a few hours on Sunday evening, in a market with no spot flows.
The two flow trackers, SoSoValue and Farside, give the same figures: $411.9 million of outflows from bitcoin ETFs on Friday (IBIT alone at $403 million), $1.28 billion over the week, including $1.21 billion for IBIT. According to SoSoValue, the 2026 total for the twelve funds has turned negative, at about $914 million of net outflows. Ether ETFs lost $365 million over the week. For your records, nothing changes as long as nothing is sold. In France, a sale for euros at a loss in 2026 creates a capital loss that can only be offset against gains on digital assets in the same year, with no carry-forward (Article 150 VH bis of the French tax code). A liquidation on a futures contract falls under a different regime.
