Shorts were liquidated for $378 million in one hour, and BTC climbed straight above $81,000.
In that hour, total liquidations across the market reached $466.33 million, including $378.09 million in short positions (81%) and just $88.24 million in long positions. At the time, BTC was around $80,470, up 4.1% over 24 hours, while ETH rose 6.1% to around $2,428.
Zooming out to the full day: 117,560 traders were liquidated over 24 hours, for a total of $914.84 million ($554.81 million in shorts and $360.02 million in longs). The largest single liquidation was an ETH/USDT position worth $38 million on HTX.
Fund flows are also shifting: on November 3, U.S. spot BTC ETFs saw net outflows of $115.56 million—down sharply from $398.62 million on November 2 and $643.33 million on October 30, but still an outflow. IBIT saw $94.98 million in outflows, while BITB had $21.92 million in inflows and FBTC had $6.76 million in inflows. ETH ETFs saw $85.35 million in outflows, extending their losing streak to seven days.
One practical point: liquidations are records of forced closures, not evidence of fresh spot buying. Glassnode says the largest cluster of short positions overhead is around $87,000. Bitfinex's benchmark for a recovery is three consecutive days of net inflows matching the scale of the outflows; a slowdown for a single day is not enough.
Do you think this is the start of a short squeeze, or just a liquidation blip during a rebound?#BTC走势分析 #中期选举 $BTC
In that hour, total liquidations across the market reached $466.33 million, including $378.09 million in short positions (81%) and just $88.24 million in long positions. At the time, BTC was around $80,470, up 4.1% over 24 hours, while ETH rose 6.1% to around $2,428.
Zooming out to the full day: 117,560 traders were liquidated over 24 hours, for a total of $914.84 million ($554.81 million in shorts and $360.02 million in longs). The largest single liquidation was an ETH/USDT position worth $38 million on HTX.
Fund flows are also shifting: on November 3, U.S. spot BTC ETFs saw net outflows of $115.56 million—down sharply from $398.62 million on November 2 and $643.33 million on October 30, but still an outflow. IBIT saw $94.98 million in outflows, while BITB had $21.92 million in inflows and FBTC had $6.76 million in inflows. ETH ETFs saw $85.35 million in outflows, extending their losing streak to seven days.
One practical point: liquidations are records of forced closures, not evidence of fresh spot buying. Glassnode says the largest cluster of short positions overhead is around $87,000. Bitfinex's benchmark for a recovery is three consecutive days of net inflows matching the scale of the outflows; a slowdown for a single day is not enough.
Do you think this is the start of a short squeeze, or just a liquidation blip during a rebound?#BTC走势分析 #中期选举 $BTC
