Bitcoin rose from $75,700 to $81,200 on November 4, triggering $407.92 million in liquidations, including $309.98 million in short positions. The reversal on November 5 generated another $323.54 million in liquidations, including $294.11 million in longs. Total crypto market capitalization fell by $132.7 billion that day, bringing losses since the local peak to $149 billion. Bitcoin’s move below the True Market Mean of $77,600 signals a return to accumulation conditions after September’s bullish expansion, despite trading volumes remaining above August levels.
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