Bitcoin erases post-election gains as Wall Street selloff hits $1B in liquidations

Bitcoin has surrendered all gains made since the U.S. election, with a broader Wall Street selloff triggering roughly $1 billion in crypto liquidations. The pullback underscores how tightly digital assets remain correlated to traditional risk markets, amplifying moves across major tokens. The liquidation cascade hit leveraged positions as equities weakened, reinforcing bitcoin's sensitivity to macro-driven sentiment. Traders are now watching whether spot demand can absorb forced selling and whether equities stabilize before the next leg.