Bitcoin breaks $80K as crypto shorts lose $378M in one hour

cryptonews11-04 23:54

Bitcoin has climbed back above $80,000 on Nov. 4 as short liquidations across the cryptocurrency market have reached $378 million in one hour, following several sessions of withdrawals from U.S. spot ...

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Bitcoin traded around $80,470 during the rally, up 4.1% over 24 hours and recovering from the roughly $76,000 area seen during the recent decline. Et","collect":0,"end_time":0,"defaultTopTitle":"crypto.news","property":[],"viewcount":null,"language":"en","relate_stocks":{"ETCO":"Grayscale Ethereum HIGH Income ETF","CBXY":"Calamos Bitcoin 90 Series Structured Alt Protection ETF - July","BTCI":"NEOS Bitcoin High Income ETF","CBOA":"Calamos Bitcoin Structured Alt Protection ETF - April","BITU":"2倍做多比特币期货ETF-Proshares","DFII":"FT Cboe Vest Bitcoin Strategy & Target Income ETF","XBTY":"GraniteShares YieldBOOST Bitcoin ETF","BTF":"比特币&以太币期货ETF-CoinShares","CBOJ":"Calamos Bitcoin Structured Alt Protection ETF - January","BCCC":"Global X Bitcoin Covered Call ETF","CBTA":"Calamos Bitcoin 80 Series Structured Alt Protection ETF – April","BTCL":"T-REX 2X LONG BITCOIN DAILY TARGET ETF","BITX":"2倍比特币期货ETF-Volatility Shares","CBTJ":"Calamos Bitcoin 80 Series Structured Alt Protection ETF - January","ETQ":"T-Rex 2X Inverse Ether Daily Target ETF","ESK":"REX-Osprey ETH + Staking ETF","YBTC":"比特币看涨期权ETF-Roundhill","BTCO":"比特币ETF-Invesco Galaxy","BITY":"Amplify Bitcoin 2% Monthly Option Income ETF","BTRN":"比特币期货ETF-Global X","SBIT":"2倍做空比特币期货ETF-Proshares","MAXI":"比特币期货ETF-Simplify","BFAP":"FT Vest Bitcoin Strategy Floor15 ETF - April","CBOO":"Calamos Bitcoin Structured Alt Protection ETF - October","CBTO":"Calamos Bitcoin 80 Series Structured Alt Protection ETF - October","ETH":"低成本以太坊ETF-Grayscale","BETE":"等权重比特币&以太币期货ETF-ProShares","HODL":"比特币ETF-VanEck","BFJL":"FT Vest Bitcoin Strategy Floor15 ETF - July","CBTY":"Calamos Bitcoin 80 Series Structured Alt Protection ETF - July","BETH":"比特币&以太币期货ETF-ProShares","CBXA":"Calamos Bitcoin 90 Series Structured Alt Protection ETF – April","BITI":"1倍做空比特币期货ETF-Proshares","BTCC":"Grayscale Bitcoin HIGH Income ETF","CBOY":"Calamos Bitcoin Structured Alt Protection ETF - July","BTCZ":"T-Rex 2X Inverse Bitcoin Daily Target ETF","CBXJ":"Calamos Bitcoin 90 Series Structured Alt Protection ETF - January","MNRS":"GRAYSCALE BITCOIN MINERS ETF","TETH":"21Shares Ethereum ETF","BTC":"Grayscale Bitcoin Mini Trust","SETH":"1倍做空以太币期货ETF-Proshares","BAGY":"Amplify Bitcoin Max Income Covered Call ETF","BRRR":"比特币ETF-CoinShares","CBXO":"Calamos Bitcoin 90 Series Structured Alt Protection ETF - October","BPI":"Grayscale Bitcoin Premium Income ETF","ARKB":"比特币ETF-21Shares"},"translate_title":"比特币突破 8 万美元，加密货币空头一小时内损失 3.78 亿美元","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BCCC":0.6,"BPI":0.6,"MAXI":0.6,"SBIT":0.6,"XBTY":0.6,"CBTA":0.6,"ESK":0.6,"YBTC":0.6,"MNRS":0.6,"BTF":0.74,"CBTJ":0.6,"BITI":0.6,"CBXJ":0.6,"BTCI":0.6,"CBOY":0.6,"BFAP":0.6,"ETCO":0.6,"CBTO":0.6,"HODL":0.6,"BTCL":0.6,"TETH":0.6,"BTCO":0.6,"ETH":0.64,"BTCZ":0.6,"DFII":0.6,"BETH":0.74,"BRRR":0.6,"CBTY":0.6,"BITX":0.6,"ETQ":0.6,"CBXO":0.6,"BFJL":0.6,"BITY":0.6,"SETH":0.6,"BTRN":0.6,"CBOA":0.6,"CBXY":0.6,"CBOJ":0.6,"BTC":0.6,"CBXA":0.6,"BETE":0.74,"CBOO":0.6,"ARKB":0.6,"BITU":0.6,"BAGY":0.6,"BTCC":0.6},"content_text":"Bitcoin has climbed back above $80,000 on Nov. 4 as short liquidations across the cryptocurrency market have reached $378 million in one hour, following several sessions of withdrawals from U.S. spot Bitcoin ETFs.\n\n\nSummary\n\n\n\nCrypto shorts worth $378.09 million were liquidated in one hour, accounting for 81% of forced closures.\nBitcoin traded near $80,470, while Ethereum gained 6.1% over 24 hours to approximately $2,428.\nU.S. spot Bitcoin ETFs lost $1.16 billion across three sessions, according to Bitfinex.\nBitfinex identified potential selling pressure around $84,000–$85,500 in its Nov. 2 assessment.\n\n\n\nAccording to CoinGlass, total liquidations reached $466.33 million over the hour captured in its dashboard, including $88.24 million in long positions alongside the much larger short wipeout.\nCrypto shorts lose $378.09 million in one hour | Source: CoinGlass\nBitcoin traded around $80,470 during the rally, up 4.1% over 24 hours and recovering from the roughly $76,000 area seen during the recent decline. Ethereum moved faster, gaining approximately 5% within a couple of hours and bringing its daily advance to 6.1%.\nThe move followed the U.S. midterm election period, when Bitcoin had struggled below $80,000 amid ETF withdrawals and weakness in technology shares.\nBitcoin’s recovery coincides with concentrated short liquidations\nCoinGlass’s overlapping reporting windows show how much of the liquidation activity occurred during the latest hour.\nAcross four hours, short liquidations totaled $386.16 million. The one-hour reading accounted for nearly 98% of that amount, based on a comparison of the dashboard figures. Only $8.07 million of the four-hour short total fell outside the latest hour.\nShort positions represented approximately 81.1% of the hour’s liquidations, compared with 60.6% over 24 hours. The hourly short total was roughly 4.3 times the $88.24 million recorded for longs.\n\n\n\n\n\n                You might also like:\n            \n\n                Crypto market outlook after US midterms, will Bitcoin reclaim $80,000?            \n\nOver four hours, total forced closures reached $501.42 million, including $115.26 million in longs. The 12-hour window showed $652 million in liquidations, with shorts accounting for $526.44 million.\nLiquidations occur when exchanges close leveraged positions because traders no longer have enough collateral to maintain them. During this rally, traders betting on falling prices accounted for most of the forced closures.\nThe liquidation totals record positions being closed, however, rather than measuring fresh purchases in the spot market.\nETF withdrawals preceded the return above $80,000\nAccording to Bitfinex, U.S. spot Bitcoin ETFs recorded $1.16 billion in outflows across three trading sessions, their largest such withdrawal since late June.\n\n$BTC ETFs saw $1.16bn of outflows in three sessions, the most since late June.IBIT lost $405.3m on 2 November, its biggest this year.Three straight inflow days of similar size would be the first sign demand is back.Alpha Intelligence dissects it.https://t.co/lvLBzYat74— Bitfinex (@bitfinex) November 4, 2026\n\nBlackRock’s IBIT accounted for $405.3 million in outflows on Nov. 2, which the exchange described as the fund’s biggest daily withdrawal this year.\nAs crypto.news previously reported, Bitcoin fell below $77,000 on Nov. 3 as institutional withdrawals continued. The funds lost $398.6 million collectively on Nov. 2, with inflows into other products partly offsetting IBIT’s redemptions.\nBitfinex’s post set out a specific condition for identifying renewed demand: three consecutive days of inflows comparable in size to the recent withdrawals.\nThe exchange’s assessment therefore leaves a distinction between the price recovery already recorded and the sustained fund buying it wants to see. The ETF figures cover the sessions before the latest rally.\nBitfinex places potential sellers above Bitcoin’s breakout\nBefore the move through $80,000, Bitfinex’s Nov. 2 report described Bitcoin as trading within a $77,000–$80,000 support band, where buying remained largely passive.\nIts analysis identified 2.26 million BTC acquired between $81,000 and $85,500. The exchange said holders approaching their purchase prices could create selling pressure during a recovery.\nWithin that range, Bitfinex highlighted $84,000–$85,500 as an area where sellers could seek to exit around breakeven. It presented the zone as potential overhead supply, without forecasting that Bitcoin would necessarily reach it.\nThe report found resting spot bids between $78,000 and $79,000 had grown to approximately $42 million from $24 million in mid-October. Bids previously absorbed at $80,000 had not been replaced at the time of the assessment.\nBitcoin and Ethereum lead the daily liquidation totals\nOn CoinGlass’s 24-hour heatmap, Bitcoin accounted for $396.18 million in liquidations, with shorts representing 75.9%. Ethereum followed with $236.55 million, of which 55.9% came from shorts.\nSolana recorded $28.56 million, while Zcash accounted for $20.14 million.\nAcross the market, 117,560 traders faced liquidation over 24 hours, with total forced closures reaching $914.84 million. Shorts accounted for $554.81 million and longs for $360.02 million.\nBinance held the largest exchange share at 38.9%. The largest individual liquidation recorded in the snapshot was a $38 million ETH-USDT position on HTX.\n\n\n\n\n\n                Read more:\n            \n\n                CLARITY Act faces a new Congress as Democrats win both chambers","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.52.1","shortVersion":"4.52.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2681065854","isCrawlerRequest":true}