COINDESK · 2026-11-06 12:30 UTC

Over $1 billion in bullish bets liquidated while ETF flows suggest no help in spot market

Bitcoin is down about 5.2% over 24 hours to roughly $76,100, and the CoinDesk 20 index is down 6.17%, with pressure from the AI trade weighing on prices. More than $1.27 billion in crypto derivatives positions were liquidated over 24 hours, over $1.1 billion of them bullish bets. Spot bitcoin ETFs recorded $430.2 million in net outflows on Thursday, and Wintermute's De Maere sees $73,000 and $68,000 as downside targets, with $80,000 needed to signal renewed strength.

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