Bitcoin fell below $74,000 in early Asian trading on November 9 after U.S. midterm election results emerged, touching $73,708, or about NT$2.4 million, its lowest price since August and a more than two-month low. The decline followed heavy selling across cryptocurrency markets and weakness in U.S. technology and artificial-intelligence stocks. Ethereum fell more than 7% to about $2,247. More than $1.05 billion in leveraged crypto positions were liquidated during the 24 hours leading up to November 6, 2026, with long positions accounting for approximately $930 million, or 88.2%, and affecting nearly 211,000 traders. Bitcoin long-term holders realized $139 million in losses on November 5, among the largest readings of the past year outside February and June, according to on-chain analyst Murphy. Murphy said the losses reflected heightened fear but could also indicate that forced selling pressure was being depleted. An anonymous whale also had about $140 million in BTC and ETH long positions liquidated. Weaker whale spot buying and increased regulatory uncertainty after Democrats took control of Congress added pressure to sentiment.