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Bitcoin rebounds above $80,000 as $378M in crypto shorts liquidate in one hour

04 Nov 2026, 17:54 WIB
Crypto news
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Bullish
Bitcoin rebounds above $80,000 as $378M in crypto shorts liquidate in one hour

Bitcoin surged back above $80,000 on November 4 after $378 million worth of short positions were liquidated within one hour, signaling strong buying pressure. This rally followed several sessions of significant outflows from U.S. spot Bitcoin ETFs, which lost $1.16 billion over three days. Ethereum also rose sharply by 6.1% in 24 hours, reflecting broader crypto market recovery. Despite the price bounce, analysts note potential selling pressure near $84,000–$85,500, suggesting cautious optimism ahead.

Bitcoin trades at Rp1.457.118.090 on Pluang as of Nov 04, 2026 23:01 WIB, up 3.39% in 24 hours. Ethereum also gained, priced at Rp44.120.525 with a 5.64% rise. Buy orders dominate both assets, with Bitcoin at 58% and Ethereum at 61% buy activity on Pluang.

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