BEARISH 65 CoinDesk 1H ago · 1 min read 1 read

Over $1 billion in bullish bets liquidated as ETF flows offer spot market no help

AI summary

Over $1 billion in bullish crypto positions were liquidated, according to CoinDesk's day-ahead market look for Nov. 6, 2026. ETF flows offered no offsetting support in the spot market, leaving leveraged longs to absorb the damage alone. Traders should watch whether ETF demand returns, since without it the spot market has little cushion against further forced selling.

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