$BTC leverage flush: ~$1.08B wiped as price slips to ~75.7K
Nov 5 CoinGlass (via crypto.news): $954M longs vs $127M shorts (~210k traders). BTC ~$281M of that, ETH ~$175M. Catalyst: Nasdaq/AI risk-off after the post-election bounce above $80K failed to hold.
Binance spot ~15:54 KST Nov 6:
$BTC 75,762 (−6.0% 24h | H 80,794 L 75,208)
$ETH 2,232 (−8.2% | L 2,206)
Tokenized semis SOXLB −25.8% — same risk-off tape
Futures positioning (Binance 4h):
• Acct L/S BTC 2.99 / ETH 3.94 — still crowded long after the flush
• Top trader pos BTC 2.14
• Funding BTC ~+0.006%
• OI BTC ~$7.23B | ETH ~$5.24B
• MA20 ~79.7K / MA50 ~82.0K
Bull case: leverage cleared; reclaim/hold 78.8–80K repairs structure.
Bear case: Nov 5 US spot BTC ETFs ~$430M net outflow (OnchainLens via Blockchain.News); lose 75.2K with MA20 far overhead keeps pressure on.
Risk lesson: size for the wick, not the hope. Liquidations hit hardest when the crowd is already long.
https://crypto.news/crypto-crash-long-short-liquidations-bitcoin-stocks/
Not financial advice. DYOR.
Where do you see the next hold — 75K or back through 78K?
#WriteToEarn
Nov 5 CoinGlass (via crypto.news): $954M longs vs $127M shorts (~210k traders). BTC ~$281M of that, ETH ~$175M. Catalyst: Nasdaq/AI risk-off after the post-election bounce above $80K failed to hold.
Binance spot ~15:54 KST Nov 6:
$BTC 75,762 (−6.0% 24h | H 80,794 L 75,208)
$ETH 2,232 (−8.2% | L 2,206)
Tokenized semis SOXLB −25.8% — same risk-off tape
Futures positioning (Binance 4h):
• Acct L/S BTC 2.99 / ETH 3.94 — still crowded long after the flush
• Top trader pos BTC 2.14
• Funding BTC ~+0.006%
• OI BTC ~$7.23B | ETH ~$5.24B
• MA20 ~79.7K / MA50 ~82.0K
Bull case: leverage cleared; reclaim/hold 78.8–80K repairs structure.
Bear case: Nov 5 US spot BTC ETFs ~$430M net outflow (OnchainLens via Blockchain.News); lose 75.2K with MA20 far overhead keeps pressure on.
Risk lesson: size for the wick, not the hope. Liquidations hit hardest when the crowd is already long.
https://crypto.news/crypto-crash-long-short-liquidations-bitcoin-stocks/
Not financial advice. DYOR.
Where do you see the next hold — 75K or back through 78K?
#WriteToEarn