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Bitcoin rises 1.24% in an hour amid heavy short liquidations on major exchanges

Market News
09 Nov 2026, 01:16 WIB
Tokenpost
View Source
Bullish
Bitcoin rises 1.24% in an hour amid heavy short liquidations on major exchanges

Bitcoin's price increased by 1.24% within one hour to $75,136 on November 8, despite being 0.78% lower than the previous day. During this hour, short liquidations on Binance, Bybit, and OKX totaled $2.64 million, significantly outweighing $360,000 in long liquidations. This suggests strong short-selling pressure was being closed out, contributing to the hourly price gain. The data highlights volatility and active trading dynamics in the Bitcoin market over short time frames.

Bitcoin's recent price movement is provided here as context for readers. For those following the cryptocurrency market, breadth on Pluang shows 4 of 50 major cryptocurrencies rose while 45 fell, including ENJ down 5.55%, NEO down 5.41%, and SAND down 5.38%. This snapshot is as of Nov 09, 2026 05:21 WIB.

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