Crypto market sees about $880 million in liquidations over 4 hours, BTC falls to $75,700

Bitcoin fell 6% to $75,700, briefly touching $75,568, as a U.S. tech-stock selloff spilled into crypto and erased post-election gains; Ethereum dropped more than 7% to $2,247. CoinGlass data showed about $879.92 million in crypto derivatives liquidations over the past four hours, including roughly $818.9 million in longs and $61.02 million in shorts. Total liquidations over the past 24 hours approached $1.1 billion across nearly 211,000 traders. The scale of long liquidations underscores how leveraged positioning had built up during the rally and how quickly forced selling can amplify a broader risk-off move. Traders will watch whether Bitcoin holds above the $75,000 area and whether equity-market weakness continues to pressure crypto.