Over $1 billion in bullish crypto bets liquidated
In short
More than $1 billion in bullish crypto bets were wiped out. CoinDesk’s day-ahead look for Nov. 6, 2026 also said ETF flows suggested no help for the spot market.
What the reporting says
Over $1 billion in bullish crypto bets were liquidated, while ETF flows suggested no support for the spot market. The event points to sharp pressure in crypto trading and derivatives.
Why it matters
Over $1 billion in bullish crypto bets were liquidated, and ETF flows suggested no help for the spot market, according to the CoinDesk summary. The reported ETF-flow backdrop suggests spot demand was not offsetting the liquidation wave.