Bitcoin rose nearly 4% on Wednesday, reaching $81,105 after early election returns signaled that Democrats might take both chambers of Congress. The source later describes Democratic control as the election outcome, but does not supply a calendar date for the rally. Bitcoin was trading near $80,335 by 12:35 p.m. EST, after falling as low as $75,618 before the rebound.
Coinglass data cited in the report put crypto-market liquidations above $974 million, including more than $563 million in short positions. Bitfinex analysts cautioned that the bounce appeared driven mainly by short covering rather than new spot buying. They said U.S. spot bitcoin ETF withdrawals had pushed aggregate 2026 net flows marginally negative, and warned that a daily settlement below $75,839 could expose a liquidity pocket between $70,000 and $75,000.
