Why is Bitcoin price up today, November 5?

Bitcoin price climbed above $80,000 on November 5, recovering from a seven-week low as fresh spot ETF inflows, rising U.S. stocks and heavy short liquidations supported the cryptocurrency’s rebound. Summary Bitcoin price has recovered above $80,000 after falling near $75,600 during the November 3 U.S. midterm elections. U.S. spot Bitcoin ETFs recorded $74.6 million in net inflows on November 4, reversing three consecutive sessions of withdrawals. Fidelity’s FBTC attracted $236.7 million, while BlackRock’s IBIT lost $201.2 million, showing that institutional flows remain mixed. A short squeeze accelerated the recovery, with almost $378 million in bearish crypto positions liquidated within one hour. Bitcoin faces resistance around 81,300–82,000, while CryptoQuant analyst CryptoZeno warns that the market correction may not be over. The recovery followed $74.6 million in net inflows into U.S. spot Bitcoin ETFs on November 4, according to Farside Investors. Fidelity led the buying, while traders betting against Bitcoin faced substantial losses as prices moved higher. According to crypto.news market data, BTC traded around $80,320 at press time, gaining more than 3% over 24 hours, after ...