In this video: Bitcoin sells off again, but stays in the range - Still a corrective pullback in an uptrend. Video by More Crypto Online.
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Bitcoin (BTC) trades around $75,586 USD (approx. €67,231 EUR) as of late afternoon on November 5, 2026, dropping roughly 6% over the course of the day after testing higher levels near $80,000–$80,400 earlier in the session.
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Bitcoin Insights Today
• Tech Rout & Macro De-risking: The primary trigger for today's drop originated on Wall Street. A massive post-midterm election tech sell-off saw the Nasdaq plunge over 3.9% into correction territory, heavily dragged down by semiconductor and AI stock declines. Because many modern crypto miners tie their operations to AI data centers, the political and economic risks have closely synchronized Bitcoin's movements with tech indices.
• Massive Long Liquidations: The suddenness of the plunge caught over-leveraged traders off guard. Over $370 million to $428 million in crypto long positions were aggressively wiped out within a short window as the price fell beneath key psychological support zones.
• ETF Outflow Pressures: Regulatory and security concerns—including the wider fallout from the recent $6.3 billion Binance hack—have dented investor sentiment. Data compiled by Bloomberg reveals that investors pulled over $1 billion from spot Bitcoin ETFs in just a few days following the exploit, with BlackRock's IBIT taking the largest hit.
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