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Bitcoin breaks $80K, triggering $330M short squeeze and $415M crypto liquidations.

Market News
04 Nov 2026, 17:23 WIB
Crypto Briefing
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Bullish
Bitcoin breaks $80K, triggering $330M short squeeze and $415M crypto liquidations.

Bitcoin surged past the key $80,000 level, causing a massive short squeeze that wiped out $330 million in leveraged short positions and triggered over $415 million in total crypto liquidations within 24 hours. This sharp rally forced more than 119,000 traders to close positions, driven by a feedback loop of forced buying as shorts were liquidated. The move was supported by easing expectations of Federal Reserve rate hikes, creating a more favorable environment for risk assets like Bitcoin. Traders should watch for potential volatility as leveraged longs could face liquidations if Bitcoin falls back below $80,000, especially with uncertain macroeconomic signals ahead.

Bitcoin trades at Rp1.462.353.750 on Pluang as of Nov 04, 2026 22:42 WIB, showing a 4.09% gain in the last 24 hours. Trading volume remains high at Rp509,48 trillion, reflecting strong market activity. Despite the recent surge, 42% of orders on Pluang are sell orders, indicating some caution among traders.

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