$1 Billion Crypto Liquidations as Bitcoin Jumps 4.6%
Key Facts
Crypto market liquidations reached $974.80 million in 24 hours as the market climbed. BeInCrypto reported that these liquidations coincided with a 4.6% jump in Bitcoin's price, primarily affecting short sellers who were betting on a price decline.
Bitcoin traders were directly impacted by this upward price action, which triggered a short squeeze effect. The market experienced strong momentum resulting in nearly $1 billion in liquidated positions in a single day, as the bullish trend in crypto prices continued on November 5, 2026.
Latest Updates · 3
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Update: Bitcoin price broke above the $76,000 level, reaching $76,195 on Binance on November 5, 2026. This price action establishes new resistance levels as the liquidation momentum continues across the crypto market.
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Update: Bitcoin price reclaimed the $80,000 level on November 5, 2026, extending its strong bullish momentum. Conversely, tokens associated with President Donald Trump faced sharp losses, diverging from the broader market rally.
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Update: This recovery in crypto prices followed the Democratic Party securing control of both chambers of the U.S. Congress in the midterm elections. Analysts linked the bullish momentum to the political outcomes that bolstered market confidence on November 5, 2026.