Leveraged crypto traders faced nearly $1 billion in liquidations within 24 hours as Bitcoin's price climbed from around $75,600 to above $80,000, a roughly 4% gain. About 59% of the losses came from short positions, which bet on price drops, forcing many traders to close their positions as the price rose. Bitcoin shorts alone accounted for around $306 million in liquidations, making it the most affected segment. Ether also saw significant liquidations but with a more balanced split between long and short positions. The price swing followed the US midterm elections, though no direct link to the political event has been confirmed. The key levels to watch are the $75,600 low, where shorts were built, and the $81,000 high, marking the peak of the squeeze. The next question is whether Bitcoin can sustain above $80,000 without forced buying from short squeezes.
Bitcoin trades at Rp1.461.553.571 on Pluang as of Nov 05, 2026 12:51 WIB, showing a 3.51% gain in the last 24 hours. This aligns with the article's note of Bitcoin climbing above $80,000, contributing to nearly $1 billion in crypto liquidations. On Pluang, buying interest remains strong with 69% of orders to buy and a typical hold time of 113 days, indicating sustained investor engagement despite recent volatility.
Bitcoin's recent price recovery is hindered by weak demand from U.S. buyers, as shown by a negative Coinbase premium index. While global selling pressure is easing, overall demand remains negative, limiting Bitcoin's ability to sustain strong gains. ...
Bitcoin surged over 5% from an election-night low of around $75,600 to reclaim the $80,000 level, its highest since Binance’s hack. This recovery came despite political shifts in the US Congress, showing market confidence in Bitcoin's resilience and ...
Crypto commentator Virtual Bacon suggests XRP's price may have bottomed near $1, revising his downside target to $1.10 from $1.20. However, he warns that XRP tokens linked to the Binance hack could enter the market, adding selling pressure since thes...
Bitcoin surged nearly 5% to surpass $80,000 amid a broad crypto market recovery. The DePIN sector led gains with a 5.79% rise, while Ether climbed over 7% to above $2,400. Other sectors like RWA, Layer 2, and PayFi also posted notable increases, sign...
The recent Democratic sweep of both houses in Congress has increased political certainty but has not strengthened Bitcoin's market fundamentals. Retail sentiment has turned bearish, with Bitcoin's price struggling to recover above $77,000 amid weak b...
