{"id":"1794728955064-money-segment","slug":"bitcoin-flash-crash-wipes-leveraged-longs","title":"Bitcoin flash crash wipes leveraged longs","summary":"On Sunday, Nov. 8, 2026, Bitcoin dropped from $75,690 to $73,477 in about 15 minutes late U.S. time, its lowest level since August, before recovering to around $74,500. Coinglass logged more than $1 billion in liquidations, with ether hit hardest: $448 million in ETH liquidations versus $272 million in BTC. Lookonchain reported one ETH whale's 56,667 ETH long, worth about $118.4 million, was liquidated.\n\nThe crash hit thin weekend liquidity after two headlines: Nvidia's board opened an independent investigation after CEO Jensen Huang admitted an affair and may have been targeted by foreign intelligence, and Secretary of State Marco Rubio said Iran talks had stalled. Markets were already weak: U.S. spot bitcoin ETFs lost about $412 million on Friday and $1.28 billion for the week, while the Nasdaq fell nearly 5% for a fourth straight weekly decline.\n\nBitcoin did flash-drop from roughly $75,690 to $73,477 in about 15 minutes late Sunday, Nov. 8, and was trading near $74,500 on Nov. 9, per [bitcoin.com](https://news.bitcoin.com/market-updates/bitcoin-price-flash-drop-73477-liquidations/). The post's “about $80B wiped” figure is not specified in that report, which counted more than $1 billion in liquidations.","publishedAt":"2026-11-15T07:49:15.064Z","channel":{"id":"money","name":"Oncast Money","language":"en"},"show":"Crypto After Dark","verification":{"status":"verified","leadVerdict":"TRUE","notes":"TRUE: Bitcoin did flash-drop from roughly $75,690 to $73,477 in about 15 minutes late Sunday, Nov. 8, and was trading near $74,500 on Nov. 9, per [bitcoin.com](https://news.bitcoin.com/market-updates/bitcoin-price-flash-drop-73477-liquidations/). The post's “about $80B wiped” figure is not specified in that report, which counted more than $1 billion in liquidations.\nSource: [bitcoin.com](https://news.bitcoin.com/market-updates/bitcoin-price-flash-drop-73477-liquidations/) (https://x.com/timoassi/status/2120030057057935729)","claims":[{"verdict":"TRUE","summary":"Bitcoin did flash-drop from roughly $75,690 to $73,477 in about 15 minutes late Sunday, Nov. 8, and was trading near $74,500 on Nov. 9, per [bitcoin.com](https://news.bitcoin.com/market-updates/bitcoin-price-flash-drop-73477-liquidations/). The post's “about $80B wiped” figure is not specified in that report, which counted more than $1 billion in liquidations.","sourceName":"[bitcoin.com](https://news.bitcoin.com/market-updates/bitcoin-price-flash-drop-73477-liquidations/)","sourceUrl":"https://x.com/timoassi/status/2120030057057935729","claim":"Happy Tuesday all! If you missed the past 24 hours in crypto and stocks, here's your full recap: 🚨 Major Headlines & Market Moves 🚨 - $BTC is trading around $74,615, down about 0.3% in the past 24 hours. - Bitcoin flash dumped toward $73,000 yesterday, wiping about $80B htt","author":"Timothy 🟢 | Panic Drop (@timoassi)"}]},"sources":[{"url":"https://x.com/timoassi/status/2120030057057935729","name":"[bitcoin.com](https://news.bitcoin.com/market-updates/bitcoin-price-flash-drop-73477-liquidations/)","kind":"x","verdict":"TRUE","author":"Timothy 🟢 | Panic Drop (@timoassi)"}],"url":"https://oncast.fm/story/1794728955064-money-segment-bitcoin-flash-crash-wipes-leveraged-longs","listenUrl":"https://oncast.fm/c/money","attribution":{"publisher":"Oncast","site":"https://oncast.fm","url":"https://oncast.fm/story/1794728955064-money-segment-bitcoin-flash-crash-wipes-leveraged-longs","cite":"Cite https://oncast.fm/story/1794728955064-money-segment-bitcoin-flash-crash-wipes-leveraged-longs and the original source links. Fact-check by Oncast (oncast.fm)."},"hostsSaid":[{"host":"Bill","text":"Bitcoin just had a flash crash—from 75,690 to 73,477 in about fifteen minutes."},{"host":"Adam","text":"That's the kind of candle that makes you check the time. Thin weekend liquidity."},{"host":"Bill","text":"Timothy from Panic Drop posted the overnight recap on X. He says it wiped a huge amount—over a billion dollars in liquidations, per the reporting."},{"host":"Adam","text":"Let me stop that number right there."},{"host":"Adam","text":"The Bitcoin.com report shows more than one billion in liquidations, not eighty billion."},{"host":"Bill","text":"So his headline overshot by roughly eighty times."},{"host":"Bill","text":"But the move was real."},{"host":"Adam","text":"Nasty. Lowest level since August, then it clawed back near 74,500."},{"host":"Bill","text":"The damage wasn't evenly spread."},{"host":"Bill","text":"Coinglass says ether longs got hit hardest—ETH traders were hit harder than BTC traders."},{"host":"Adam","text":"One whale got run over."},{"host":"Adam","text":"Lookonchain says 56,667 ETH long, about 118 million dollars, liquidated."},{"host":"Bill","text":"This is a leveraged long flush in a weekend market with no buyers."},{"host":"Adam","text":"It's also what happens when you get two real headlines on the same night."},{"host":"Bill","text":"Right—Nvidia's board opening an investigation, and Rubio saying Iran talks stalled."},{"host":"Adam","text":"You want to blame leverage; I think leverage was waiting for a reason."},{"host":"Bill","text":"But that's exactly my point! In thin liquidity, a headline doesn't need to be huge to trigger a cascade."},{"host":"Adam","text":"I'm not saying the headlines were small. The Nvidia one is a governance bomb."},{"host":"Bill","text":"And crypto's the only market awake to absorb that fear. Equities can't open until Monday."},{"host":"Adam","text":"Exactly—so every anxious trader hits the sell button in the same 15 minutes."},{"host":"Bill","text":"That's the cascade. And ether, being more leveraged, catches the knife."},{"host":"Adam","text":"And it hit a market already weak after four straight weekly Nasdaq declines."},{"host":"Bill","text":"So you admit the backdrop was fragile, but you still want to call the headlines the cause?"},{"host":"Adam","text":"I want to call them the spark. The fuel was the positioning—spot bitcoin ETF flows were negative going into the weekend."},{"host":"Bill","text":"That's fair. Spark plus fuel equals a 15-minute flash crash."},{"host":"Adam","text":"Polite way to say both of us are half right."},{"host":"Bill","text":"I'll take half. Polymarket traders now price a 46.5 percent chance bitcoin hits 70,000 before the end of November."},{"host":"Adam","text":"That number moved fast. Not advice, just where the betting crowd stands."},{"host":"Bill","text":"Meanwhile, an account on X called Neome.com posted three so-called breaking headlines."},{"host":"Adam","text":"I saw it. First, a claim that Trump denies knowledge of World Liberty Financial amid a 500 million dollar UAE investment scrutiny."},{"host":"Bill","text":"If true, that's huge. That's the Trump-linked crypto venture; distancing would force a repricing."},{"host":"Adam","text":"But none of this is confirmed yet. The account is throwing it out there."},{"host":"Bill","text":"You're being too careful. This is how crypto news breaks at two in the morning."},{"host":"Adam","text":"No, this is how rumors get retail traders run over before facts arrive."},{"host":"Bill","text":"The account also claims China producer inflation hit its highest since June 2022."},{"host":"Bill","text":"That's a real macro signal if verified."},{"host":"Adam","text":"And the third claim is that Coinbase Bank got full OCC approval."},{"host":"Bill","text":"That one would be the actual headline for me. A full national bank charter changes Coinbase's model."},{"host":"Adam","text":"Exactly why we wait for confirmation. For now, it's three claims, zero official sources."},{"host":"Bill","text":"If the OCC approval is real, Coinbase can hold deposits and settle directly without middlemen."},{"host":"Adam","text":"That's a structural shift, no question. Which is why a real outlet will have it by sunrise."},{"host":"Bill","text":"You're no fun."},{"host":"Adam","text":"I'm fact-checking, not decorating."},{"host":"Bill","text":"Fine. The flash crash is confirmed; the rest is noise until morning."},{"host":"Adam","text":"Morning could make this segment look early. Or smart."},{"host":"Bill","text":"That's the 2 a.m. business."}]}