Bitcoin surpasses $80,000 as short liquidations reach $378M in an hour
CIE News ·
Based on reporting by crypto.news; not yet independently confirmed.
Bitcoin climbed above $80,000 on November 4, 2026, reaching an intraday high of $81,004 after $378 million in short positions were liquidated in a single hour.
Bitcoin (BTC) rose past $80,000 on November 4, 2026, reaching an intraday peak of $81,004 after recovering from an earlier low of $75,618. According to crypto.news, the upward price move caused $378 million in short liquidations across the cryptocurrency market within one hour, alongside $88.24 million in liquidated longs.
Over a 24-hour window, total crypto derivatives liquidations totaled $913.83 million across 117,302 traders, with BTC-specific contracts representing $395.70 million. The asset's market capitalization reached approximately $1.617 trillion, while 24-hour spot volume stood at $34.99 billion and perpetual futures open interest registered at $70.41 billion.
According to cryptoticker.io, the price advance coincided with gains on Wall Street and falling crude oil prices following the U.S. midterm elections. The recovery also followed three sessions of net outflows from U.S. spot Bitcoin ETFs totaling $1.16 billion, which included $405.3 million pulled from BlackRock's IBIT on November 2.
Key facts
- BTC peaked at $81,004
- $378M shorts liquidated in 1h
- $913.83M total 24h liquidations
- $1.16B 3-day spot ETF outflows
Read the original at crypto.news