According to Unchained, Bitcoin dropped to approximately $75,600 during midterm election results but surged past $81,000 on Wednesday. This price movement triggered significant liquidations of short positions, amounting to hundreds of millions of dollars. The volatility highlights the impact of political events on cryptocurrency markets.
Based on the Unchained report; not independently verified.
Source published: Wed, 04 Nov 2026 16:56:26 +0000
[Read the original report](https://unchainedcrypto.com/bitcoin-tops-81000-after-midterm-dip-squeezing-short-sellers/)
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