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Bitcoin drops 1.36% in one hour, hitting $78,756 amid heavy long position liquidations

Market News
05 Nov 2026, 16:54 WIB
Tokenpost
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Bearish
Bitcoin drops 1.36% in one hour, hitting $78,756 amid heavy long position liquidations

Bitcoin's price fell 1.36% within an hour to $78,756 on Binance, marking a sharper hourly decline than its 1.06% drop over 24 hours. During this period, liquidations of long positions on major exchanges like Binance, Bybit, and OKX totaled $38.04 million, vastly outnumbering short position liquidations. This significant sell-off highlights increased market volatility and pressure on bullish bets. Bitcoin remains the largest cryptocurrency by market cap at about $1.596 trillion despite the recent dip.

Bitcoin trades at Rp1.401.835.403 on Pluang, down 2.47% over the past day, showing continued pressure after recent volatility. As of Nov 05, 2026 22:13 WIB, the market cap stands at Rp28.932,7 trillion with a 31% sell order activity on the platform.

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