CryptoMedium•5 November 2026•
1 min read
$1 Billion Crypto Liquidations as Bitcoin Jumps 4.6%
Key Facts
1Crypto market liquidations reached $974.80 million in 24 hours as the market climbed.
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.