Bitcoin: Drops Below $78,000 With $230M Longs Liquidated
@BullTheoryio reported Bitcoin crashed below $78,000 in thirty minutes on November 5 2026, triggering more than $230 million in long liquidations.
SourceAnalysis
Bitcoin crashed below $78,000 in thirty minutes, liquidating over $230 million in longs according to @BullTheoryio. Price now trades at $76,441.76. The four-hour chart shows a bearish structure with price beneath both the EMA50 at $78,779.38 and the EMA200 at $80,839.76. RSI(14) sits at 37.74 in neutral ground while MACD(12,26) holds a golden cross at 318.84. Price remains inside the Bollinger bands, testing toward lower support at $75,209.75 after failing upper resistance at $81,239.12.
Bull Theory
@BullTheoryioResearch, Trades, onchain plays and all other crypto stuff simplified.Publishes institutional-grade cryptocurrency research and blockchain market intelligence. Delivers in-depth analysis of on-chain metrics, tokenomics, and decentralized finance (DeFi) ecosystems. Features proprietary data models, investment thesis breakdowns, and macro-level crypto trend forecasts. Provides strategic insights for sophisticated investors navigating digital asset markets. Maintains rigorous methodology in fundamental and technical analysis across crypto assets.