COINDESK · 2026-11-05 12:27 UTC

Bitcoin is resilient, but leverage is missing and demand still tepid

Bitcoin held gains after initial weakness following Democratic midterm election sweep, with CZ calling it 'resilient.' Futures open interest flat at $53.4B and spot ETF inflows minimal at $74M Wednesday, indicating lack of fresh capital despite price rise. Price gains driven mainly by $450M in short liquidations (BTC: $300M) rather than new demand, with analysts saying spot flows must take over for sustained uptrend.

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