Source publication: November 10, 2026, at 08:29:56 UTC+8. This article summarizes that dated report, not live market conditions.
Crypto liquidations exceeded $1.2 billion in the reporting window covered by Odaily’s November 10 briefing, with long positions accounting for $1.04 billion. Bitcoin briefly fell to $73,500, rebounded above $75,400, then retreated again.
The liquidation figures, attributed to Coinglass and reported via Bitcoin.com News, show the damage concentrated in positions betting on rising prices. They do not, by themselves, establish what triggered the initial decline or whether the move marked a broader cycle turning point.
Long exposure takes the largest hit
Bitcoin leveraged-position liquidations exceeded $324 million, including more than $281 million in longs. Ethereum liquidations exceeded $507 million.
Those figures sit alongside a mixed 24-hour performance snapshot in the same briefing: BTC was up 0.58%, ETH down 0.11%, SOL down 0.25%, and ZEC down 4.83%. A positive point-to-point return can coexist with substantial losses during the intervening price swings; the briefing does not establish that every snapshot used identical measurement times.
The important distinction is between the reported price path and its cause. The source documents a sharp drop, a brief rebound and another retreat, together with heavy long liquidations. It does not isolate a single catalyst.
ETF outflows provide a separate demand signal
According to SoSoValue, U.S. spot Bitcoin ETFs recorded $1.282 billion in net outflows during the trading week of November 2–6, 2026, measured in U.S. Eastern Time.
- BlackRock’s IBIT: $1.209 billion in weekly net outflows; cumulative net inflows of $65.100 billion.
- Grayscale’s GBTC: $61.0081 million in weekly net outflows; cumulative net outflows of $28.110 billion.
- Fidelity’s FBTC: $93.117 million in weekly net inflows, the largest inflow among the funds; cumulative net inflows of $10.270 billion.
These flows describe the preceding trading week. They should not be treated as proof that ETF redemptions caused the liquidation episode described elsewhere in the briefing.
Strategy reports another purchase despite the uneven backdrop
Bitcoin News reported on X that Strategy bought 1,036 BTC for $81.9 million, at an average price of $79,012 per bitcoin. Its cumulative purchases reached 850,364 BTC, costing $64.16 billion, with an average acquisition price of $75,456.
The company also repurchased 1.89 million STRC preferred shares for $188.3 million. It reported $4.77 billion in dollar reserves and an additional $146.2 million in dollar cash, while raising $283.8 million through MSTR common-stock sales that week.
The purchase is a company-specific accumulation figure, not evidence that demand was strengthening uniformly across the market.
October funding growth was concentrated, not broad-based
The briefing reported $1.65 billion in crypto-industry venture funding for October 2026, more than double September’s total. But Kalshi’s $1 billion Series G accounted for 61% of the month’s funding.
Excluding Kalshi, other projects raised $651 million, below September’s industry-wide $665 million. Excluding the two largest October rounds left $451 million, broadly flat against September’s $455 million on the same basis.
There were 46 funding rounds, compared with 44 in September and 116 in October 2025. Seed and pre-seed funding rose 8% to $123 million across 20 rounds.
Taken together, the reported figures show why headline totals need context: heavy long liquidations, weekly ETF outflows, a corporate Bitcoin purchase and a concentrated funding rebound describe different parts of the market. None alone establishes a cycle top, a bottom or an imminent recovery.
