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Bitcoin faces heavy liquidations and volatility after surging past $81k then dropping below key support.

Market News
06 Nov 2026, 19:00 WIB
AMBCrypto
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Bearish
Bitcoin faces heavy liquidations and volatility after surging past $81k then dropping below key support.

Bitcoin prices surged from $75.7k to $81.2k on November 4, triggering $407.92 million in liquidations mostly from shorts, but reversed on November 5 causing $323.54 million more liquidations mainly from longs. This volatility followed short-term bullish sentiment after US midterm elections, quickly offset by a pullback in equities and major AI stocks. Despite the price swings, trading volume remains strong, suggesting sustained interest rather than market exhaustion. However, Bitcoin slipping below the True Market Mean of $77.6k signals a potential deeper correction ahead as market conditions cool and investor losses mount on average.

Bitcoin price swings are the subject of this update, providing context for cryptocurrency market activity. For readers following the broader crypto market, 36 of 50 major cryptocurrencies on Pluang rose today, while 13 fell. Notable movers include EGLD at Rp59.399 (+4.29%), SNX at Rp3.095 (+4.10%), and FIL at Rp14.931 (+3.70%). This data is as of Nov 06, 2026 23:22 WIB.

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