What is Happening to Bitcoin Price? Inside the Shocking 48 Hours

Bitcoin rose above $80,800 after Tuesday’s US midterms but fell toward $75,500 on Thursday, November 5, as a broad retreat from risky assets hit the cryptocurrency. The Nasdaq dropped 5.5%, Nvidia 9.3% and AMD 17.3% amid concerns about restrictions on AI data-center construction. Leverage worsened the decline: CoinGlass recorded $1.08 billion in crypto liquidations over 24 hours, including about $954 million in bullish positions. Whalio’s Binance spot data showed sellers exceeding buyers by 10.8% of turnover late on November 5, while BlackRock’s IBIT exchange-traded fund had $201.2 million in outflows the previous day and Trump Media-linked wallets moved 4,259 BTC to Crypto.com without a confirmed sale.