Bitcoin saw liquidations totaling more than $1 billion on November 5, 2026, as a sweeping selloff across US equities spilled into crypto markets. Bitcoin’s price slid around 5%, coming close to $76,000 and reversing most of its recent post-election gains.
Widespread liquidations and price action
The largest single-day liquidations for crypto in months were reported by two leading sources. The Block recorded $1.03 billion in total crypto liquidations, while TheStreet, referencing CoinGlass, reported approximately $1.06 billion liquidated across major exchanges within 24 hours. Both outlets stated that this figure does not pertain exclusively to Bitcoin.
CoinGlass data showed over 207,000 traders were impacted by these forced liquidations—a sharp indication of market volatility. Bitcoin reportedly dropped to an intraday low of $75,463, marking its lowest level since mid-September. The Block also noted ether fell by 7% within the same session.
US stock markets saw parallel turbulence. At 1:46 p.m. Eastern, the S&P 500 fell 3.9% and the Nasdaq Composite lost 5.2%. Bitcoin, which had briefly climbed above $81,000 on November 4, reversed course alongside these equity declines.
The 24-hour market snapshot from CoinGecko at 20:13 UTC on November 5 added further perspective:
| Asset | Price | 24-hour change |
|---|---|---|
| Bitcoin (BTC) | $75,959 | -5.11% |
| Ethereum (ETH) | $2,245.83 | -6.70% |
| Solana (SOL) | $89.62 | -5.27% |
At that time, Bitcoin traded in a 24-hour range between $75,573 and $80,882. CT, a market analysis service, recorded the day’s intraday low at $75,463. The Crypto Fear & Greed Index was rated Neutral at 50, reflecting uncertainty among traders.
Market timeline and election impact
The volatility followed major political and market events. On November 3, Democrats secured a majority in both chambers of Congress during the US midterms. The next day, both stocks and Bitcoin surged, with Bloomberg noting a 4.2% rise in Bitcoin to just above $81,000, as markets initially reacted positively to the election outcome.
By November 5, the positive momentum abruptly shifted. The Associated Press reported broad declines in tech and data-center stocks, contributing to the Nasdaq Composite’s 5.2% loss. According to The Block, the equity rout spilled over to crypto markets, with liquidations accelerating as Bitcoin broke below its 50-week moving average, then at $75,733.
Bitcoin’s post-election surge above $81,000 quickly reversed as both stock and crypto markets tumbled, resulting in over $1 billion in cryptocurrency liquidations and more than 207,000 traders affected, according to CoinGlass.
Context: ETF outflows and Binance security incident
The selloff came on the back of recent market headwinds. Reuters reported that Bitcoin ETF funds experienced $884 million in net outflows in the previous week, marking their most significant weekly withdrawals since July. These moves coincided with broader concerns following a notable incident at Binance, one of the world’s largest cryptocurrency exchanges.
Binance disclosed that a security incident on October 29 impacted assets worth $6.34 billion. By November 3, the exchange stated that 98% of affected token assets were replenished, and $2.85 billion had been frozen or intercepted.
Mini dictionary: Binance, based in Malta and founded in 2017, is one of the world’s largest cryptocurrency exchanges by trading volume, offering services for spot, derivatives, and digital asset custody worldwide.
Available reporting does not confirm direct causality between the ETF outflows, the Binance incident, and the November 5 price drop, though these factors set a cautious tone in markets ahead of the decline.
Reactions and outlook
Analysts warned of continued uncertainty. Jordan Watson, portfolio manager at Tandem Investment Advisors, expressed caution and suggested investors should brace for heightened volatility as markets processed both election results and evolving policy expectations.
Jordan Watson described the recent equity gains following the elections as insufficient for signaling a resolved market environment, emphasizing the likelihood of further unpredictable moves.
The variation in liquidation figures highlights differences in reporting windows and methodologies across data providers. Both The Block and TheStreet note significant impacts but present slightly divergent totals, stressing the need to contextualize the data when interpreting market events.
