Bitcoin rebounded 4.01% in 24 hours and traded around $80,420 on Wednesday after briefly rising above $81,000. It nevertheless remains 36.2% below its record of $126,115, reached on October 6, 2025, while U.S. spot Bitcoin ETFs recorded about $1.16 billion in net outflows between October 30 and November 3. The move back above $80,000 triggered the liquidation of roughly $378 million in short positions across the crypto market within one hour, fueling a short-squeeze mechanism. The next resistance lies between $84,000 and $87,500, where sell orders and liquidation levels are concentrated, even as miners’ revenues decline without any sign of broad capitulation.
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