Bitcoin and Ethereum experienced significant liquidations worth $297.17 million and $491.97 million respectively, with prices dropping 3.20% and 7.90% in hours. The sell-off was driven by the $6.3 billion Binance hack, Mercado Bitcoin security issues, and loss of key support levels. Despite bearish momentum and potential further declines below $70k for Bitcoin, historical data suggests a drop below $57,800 is unlikely. The S&P 500 futures' quick recovery hints at possible renewed buying interest in crypto during upcoming sessions.
Following the liquidation wave impacting Bitcoin and Ethereum, on Pluang as of Nov 09, 2026 22:12 WIB, Bitcoin trades at Rp1.353.733.107 with a 1-day decline of 1.56%, showing a smaller drop compared to the article's noted 3.20%. Ethereum is down 4.97% to Rp38.497.475, a less steep fall than the 7.90% reported. Despite recent sell-offs, Bitcoin's circulating supply on Pluang is near its maximum at 96%, and typical hold times remain over 100 days, indicating steady investor engagement.
Market analyst Murphy highlights a narrowing pattern in Bitcoin's on-chain indicator, signaling a potential cyclical recovery. His model shows the current bear market phase has lasted about 11 months, similar to previous cycles. The indicator tracks ...
Between November 2 and 8, Strategy sold 2.05 million MSTR shares, raising $283.8 million. It allocated $188.3 million to repurchase preferred shares (STRC), which was more than double the $81.9 million spent on buying 1,036 Bitcoin at an average pric...
On November 8, Dogecoin (DOGE) was the only one among five major cryptocurrencies to see an increase in open interest for perpetual futures, rising 0.47% to $180.5 million. XRP posted the highest funding rate at 0.0085% every eight hours, equivalent ...
Recent data shows Ethereum (ETH) experienced the largest outflows among major cryptocurrencies at $114.82 million, significantly surpassing Bitcoin's (BTC) outflows of $13.90 million. Meanwhile, BTC led inflows with $95.20 million, followed by ETH wi...
Ethereum fell 5.3% to around $2,119 on November 9, 2026, driven by $462 million in forced long liquidations and $365 million in outflows from US spot ether ETFs. The ETH/BTC ratio hit its lowest since mid-July, signaling ether's relative weakness aga...
