Bitcoin is recovering after falling below $75,000 for the first time in over a month to $74,344 in the early hours of Saturday.

Bitcoin is trading at $75,500, down 1.8% in 24 hours and 2.7% in a week. Bitcoin led a crypto market drop after trading above $80,000 last week.

Ethereum fell 2.7% to $2,059 while Solana fell nearly 3% to $84.

Due to Bitcoin’s overnight drop below $75,000, several crypto futures holdings have been liquidated. CoinGlass showed $917 million in liquidations in the past 24 hours, headed by Bitcoin at $371 million and Ethereum at $261 million.

Long holdings, or wagers on an asset’s price rising, dominate the $827 million liquidations.

Bitcoin’s latest drop below $75,000 came after Bitcoin ETFs lost over $1.25 billion in a six-day outflow

An industry executive told Decrypt this week that rising U.S. Treasury yields may have caused ETF outflows, which sank Bitcoin prices.