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Bitcoin price rebounds above $80,000 amid ETF inflows and short liquidations after U.S. midterm elections.

05 Nov 2026, 09:20 WIB
Crypto news
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Bullish
Bitcoin price rebounds above $80,000 amid ETF inflows and short liquidations after U.S. midterm elections.

Bitcoin's price surged back above $80,000 on November 5, recovering from a low near $75,600 during the U.S. midterm elections. This rebound was driven by $74.6 million in net inflows into U.S. spot Bitcoin ETFs, led by Fidelity's FBTC, and a significant short squeeze liquidating nearly $378 million in bearish bets within an hour. The recovery also coincided with a broader market stabilization as U.S. stocks rose and risk appetite improved. However, analysts caution that Bitcoin faces resistance around $81,300 to $82,000 and that the market correction may not be fully over yet.

Bitcoin price movement on November 5, 2026, is presented here with Pluang's market data as of Nov 05, 2026 14:01 WIB: Among 50 major cryptocurrencies priced on Pluang, 41 rose and 8 fell today. Notable gainers include ALGO at Rp1.826 with an 8.43% increase and EOS at Rp12.649 with an 8.13% rise. The most notable figure is ALGO's 8.43% daily gain.

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