Total crypto market liquidations surpassed $974 million in a 24-hour period as Bitcoin rose 4.64% and moved above $80,000, according to data reported by BeInCrypto and Coinglass on November 5, 2026. The majority of these liquidations came from short positions as a strong price move pressured traders betting against the market.
Breakdown of liquidations and exchanges
BeInCrypto referenced Coinglass to report that out of the $974.8 million in liquidations, $575.48 million resulted from short positions, accounting for 59% of the total. Longs made up $399.32 million. Bitcoin itself saw $396.04 million liquidated, with shorts responsible for 78.2% of that figure, a higher share than the overall market. For Ethereum, $241.79 million was liquidated, with 56.5% coming from shorts. In the same time frame, Coinglass recorded 128,911 traders who had positions forced closed.
The largest single liquidation order was an ETH-USDT long worth $38 million on HTX. Binance handled 39% of the liquidations, the highest for any single exchange. The data reflects forced closures but does not directly connect the actions of any specific traders or institutions to a particular event.
Short sellers accounted for the majority of liquidations as Bitcoin surged, with Binance processing 39% of the total forced closures in the reported window.
Context: short squeeze and recent market volatility
BeInCrypto described the rapid clearing of short positions as a market-wide short squeeze. The publication suggested that forced buying contributed to Bitcoin’s rebound, although it cautioned that fresh spot demand would be needed for the recovery to be sustainable. This analysis is not a prediction of future price action but an observation of current market behavior.
In the weeks prior, Bitcoin had encountered resistance around the $80,000 level. On October 24, Bitcoin dropped below $80,000 following more than $200 million in liquidations in under an hour, mostly from long positions. After briefly reaching $80,800 on October 28, Bitcoin sank below $78,000 on concerns related to a reported Binance security breach.
During the week leading up to the latest move, Bitcoin touched as low as $75,700 before rebounding above $78,300. BeInCrypto noted that some traders opened bullish options positions ahead of the recovery. The company highlighted Binance’s decision to reopen withdrawals after a record $6.3 billion hack, but emphasized that the hack has not been directly tied to the spike in liquidations.
Price data and market indicators
As of 01:55 UTC on November 5, BeInCrypto recorded Bitcoin at $80,480, up 4.64% in 24 hours. By 06:13 UTC, CoinGecko listed Bitcoin at $80,434, a 3.5% rise, while Ethereum stood at $2,422.80, up 5.9%. Both platforms report similar increases, but the times and providers differ.
| Asset | Price | 24-hour change | Snapshot |
|---|---|---|---|
| Bitcoin (BTC) | $80,434 | +3.5% | November 5, 2026, 06:13 UTC |
| Ethereum (ETH) | $2,422.80 | +5.9% | November 5, 2026, 06:13 UTC |
On a longer-term basis, CoinGecko data places Bitcoin 36.2% below its all-time high of $126,080, set on October 6, 2025. Over the past 30 days, Bitcoin has declined 6.08%. The Crypto Fear & Greed Index, provided by Alternative.me, was neutral at 50 on November 5.
BeInCrypto cautioned that future upward momentum would require renewed spot buying once the current wave of forced short covering tapers off.
Sustaining the $80,000 level
While liquidation-driven rallies can generate swift price gains, BeInCrypto pointed out that such surges tend to fade without ongoing buying interest. The report referenced a previous instance on October 24, when most liquidations were from long positions as Bitcoin tumbled below $80,000, contrasting the latest event, which saw short positions dominant during the recovery above $80,000.
For traders tracking these fast-moving changes, CryptoAppsy’s real-time charting and intelligent price alerts can help monitor sudden swings near critical levels such as $80,000. With its focused price notifications, the platform enables users to keep track of potential breakouts or sudden liquidation cascades as the market responds to major events.
Market data and exchange flows remain under scrutiny, especially as Binance’s liquidity and security situation continues to be a factor in trader confidence. However, current liquidation figures do not confirm direct links between recent security concerns and forced position closures.
No clear outcome is established for Bitcoin’s ability to hold above $80,000 in the near term, as renewed buying demand will play a central role in setting direction.
