Bitcoin is trading near $75,570 on Friday after touching $74,780.91 today; its lowest intraday reading since August 21, 77 days earlier. The crypto market retreat followed a brutal selloff in AI stocks and another round of forced closures in derivatives markets. According to CoinGlass data, $1.05 billion in crypto have been liquidated over the preceding 24 hours. Long positions, which profit when prices rise, accounted for $930.04 million, or 88.2%, compared with $124.69 million in shorts.