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Bitcoin recovery depends on futures demand amid weak spot buying and ETF outflows.

Market News
05 Nov 2026, 14:03 WIB
Tokenpost
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Bearish
Bitcoin recovery depends on futures demand amid weak spot buying and ETF outflows.

Bitcoin briefly dropped to $75,839 after the US mid-term elections but recovered to the $77,000–$80,000 support range, mainly supported by perpetual futures buying rather than spot demand. Spot buyers and holders continue to sell, with losses widening and ETF outflows totaling $1.16 billion over three sessions, signaling weak institutional demand. The recovery's durability is uncertain as the rebound relies heavily on derivatives rather than fresh investor interest, and a sustained drop below $75,839 could face little support until $70,000–$75,000.

Bitcoin's recent price action is presented here as market context. For readers following major cryptocurrencies on Pluang, as of Nov 05, 2026 19:22 WIB, 37 out of 50 major cryptocurrencies rose today. ALGO gained 4.78% to Rp1.820 with 94% buy order activity, CAKE rose 4.61% to Rp36.015 despite 65% sell orders, and ETH increased 4.25% to Rp43.784.224 with 69% sell order activity.

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