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Bitcoin spot market sees strongest selling imbalance since August rally on Nov 5

Technical Signals
09 Nov 2026, 03:38 WIB
Tokenpost
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Bearish
Bitcoin spot market sees strongest selling imbalance since August rally on Nov 5

On November 5, Bitcoin's spot market experienced its strongest selling imbalance since the rally began in August, surpassing the selling activity during the October 30 Binance security incident. This heavy selling pressure pushed prices lower, though it remains unclear if buyers have improved their ability to absorb these sell orders. Analyst Murphy noted that the market's confidence was weakened by the Binance incident and a sharp drop in U.S. stocks, suggesting it may take weeks or one to two months for the market to recover from this fear. A quick V-shaped rebound is considered unlikely, with investor behavior and market sentiment being key factors to watch moving forward.

Bitcoin's spot market saw its strongest selling pressure since August, providing context for recent market dynamics. For readers following cryptocurrency, here is Pluang's market snapshot as of Nov 09, 2026 08:51 WIB: out of 50 major cryptocurrencies, 6 rose and 43 fell today. Notable movers include EOS at Rp12.649 (+8.13%), EGLD at Rp53.197 (-6.37%) with 0% sell and 100% buy order activity, and FIL at Rp13.523 (-4.72%) with 84% sell and 16% buy order activity.

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