CyrilXBT
CyrilXBT|Nov 05, 2026 15:41
Bitcoin just did a full round trip in one day. The midterm results hit, and BTC dropped to around $75.7K. Then it ripped back above $80K. Ethereum did even better. Up over 6% to $2,420, its highest in two weeks. Right now: BTC around $80.4K, up about 4% ETH around $2,422, up about 6% What fueled it: The election uncertainty is finally over. Oil and bond yields eased. Stocks rallied hard, with the Dow up 3%. And about $238M in ETH positions got liquidated, mostly shorts, which fueled the squeeze. But don't get too excited yet. Spot Bitcoin ETFs bled over $1B during the recent selloff. A real recovery needs that money coming back. Levels I'm watching: BTC needs to hold $80K and reclaim $82K. ETH needs to break $2,524 to prove this is real demand and not just a short squeeze. Bounce or reversal? 👀
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