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Bitcoin rebounds above $80,000 post-US elections, liquidating $453M in leveraged bets.

Market News
05 Nov 2026, 06:07 WIB
The Currency Analytics
View Source
Bullish
Bitcoin rebounds above $80,000 post-US elections, liquidating $453M in leveraged bets.

Bitcoin surged over 5% from an election-night low of around $75,600 to reclaim the $80,000 level, its highest since Binance’s hack. This recovery came despite political shifts in the US Congress, showing market confidence in Bitcoin's resilience and continued crypto-friendly policies. The rally caused $453.32 million in leveraged positions to be liquidated, highlighting high market speculation and volatility. This move underscores Bitcoin's strong demand and the risks of leveraged trading in volatile markets.

As of Nov 05, 2026 11:21 WIB, Bitcoin trades on Pluang at Rp1.460.853.338 with a 1-day gain of 4.55%, reflecting ongoing strong demand despite recent market volatility. The platform shows a high buy interest at 69%, and Bitcoin's market cap stands at Rp29.360,5 trillion. This data highlights Bitcoin's resilience and active trading environment amid political shifts.

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