Bitcoin's $378 Million Short Squeeze Faded Under $80,000. Is It Already Over?
The move liquidated $378 million in short positions in an hour, but weak follow-through and renewed selling pushed the rally back under $80,000.
- On Thursday, November 5, 2026, Bitcoin fell below $76,000 as a broad risk-asset sell-off intensified, reversing election-week gains across global financial markets.
- A sharp deterioration in risk appetite triggered steep selling in equities, with the Nasdaq Composite Index dropping 4.2% and amplifying losses in speculative crypto assets.
- Data from CoinGlass showed the market rout wiped out $1.08 billion in leveraged positions over 24 hours, with long positions accounting for $954.38 million.
- Jordan Watson, a portfolio manager at Tandem Investment Advisors, warned "we may be headed for more volatility as investors digest the election results and potential policy implications."
- Bitcoin's breach of its 50-week simple moving average , currently at $75,733, signals technical fragility as the asset struggles to maintain post-election recovery momentum.
105 Articles
105 Articles
The bitcoin widens the losses this Friday (6), still reflecting the sharp fall of technology actions in the United States on the eve. This morning, with a .payroll . (U.S. employment report) well above expected, increased the bets of a new high of interest by the Federal Reserve (Fed) in December. Around 12h, the bitcoin fell 4.8% in 24 hours, to US$ 75,367.83, according to CoinGecko. In Brazil, it was negotiated R$ 414,058.48, with a drop of 3.…
Bitcoin Selloff Eases as Investors Explore Cautious Recovery
Bitcoin edged back into the green after a bruising selloff on Thursday swept through cryptocurrencies and other risky assets, pressured by lackluster chipmaker earnings and a Democratic sweep of Congress.
Bitcoin, which had recovered to the $80,000 range following the midterm elections, plunged more than 6% due to a sharp decline in U.S. tech stocks and uncertainty regarding U.S. policy. According to CoinMarketCap, a global cryptocurrency market data site, as of 8:30 AM on the 28th, Bitcoin was trading at $75,402, down 6.24% from the previous day. Ethereum, the second-largest cryptocurrency by market capitalization, fell 8.57% to $2,215, while XR…
Crypto Market Today, Nov. 5: Bitcoin Erases Post-Election Rally as Wall Street Suffers Worst Day in 18 Months
Cryptocurrency markets suffered steep losses on Thursday as a broad sell-off across Wall Street spilled into digital assets, triggering renewed selling pressure. Bitcoin (CRYPTO:BTC) dropped 5.65% to $75,880.60, while Ethereum (CRYPTO:ETH) tumbled 7.80% to $2,233.79. Solana (CRYPTO:SOL) declined 6.22% to $89.55, as investors retreated from riskier assets and erased much of Wednesday's post-election recovery.What's driving crypto marketsThursday'…
Reformatorisch Dagblad
Bitcoin dropped sharply in value on Thursday as the sell-off of tech stocks on Wall Street spilled over into risky investments such as cryptocurrencies. The world's largest cryptocurrency was trading for around $76,000, representing a daily loss of around 5 percent.
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