Bitcoin price recovered above $76,000 after a sharp selloff in US tech stocks and over $1 billion in leveraged crypto liquidations. US spot Bitcoin ETFs saw $430.2 million in outflows on November 5, led by Fidelity and BlackRock funds, signaling investor caution. Selling pressure also increased on major exchanges Binance and Coinbase, with demand weakening despite Bitcoin's brief rebound above $80,000 post-US midterms. Key support is near $75,300, with resistance around $77,900; a drop below support could lead to further declines toward $72,000 or $70,000. Analysts suggest Bitcoin's short-term trend remains bearish but a bottom may form if tech stocks stabilize.
Bitcoin price today is marked by significant ETF outflows totaling $430.2 million on November 5. For readers following the broader cryptocurrency market, here is Pluang's snapshot as of Nov 06, 2026 18:02 WIB: out of 50 major cryptocurrencies, only 4 rose while 45 fell. Notable movers include EOS with a +8.13% gain at Rp12,649 and Ethereum down 8.03% at Rp40,393,048 with a strong 82% sell order activity, alongside Bitcoin Cash dropping 7.71% at Rp4,827,580 but showing a 91% buy order activity.
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