Bitcoin reclaims $80,000 as Shiba Inu lags, short liquidations trigger rebound

Bitcoin traded above the $80,000 mark on November 5, diverging significantly from Shiba Inu (SHIB), which remained under distinct selling pressure. CoinGecko listed Bitcoin at $80,245 as of 11:13 UTC, recording a 2.16% gain over 24 hours, while U.Today placed SHIB near $0.00000475 in its 09:00 UTC update—well below its September high of around $0.00000620. According to U.Today, Bitcoin rebounded from a recent low near $75,600 to climb above $80,000, posting more than a 3% advance over a day. This climb coincided with significant activity in the derivatives market, where roughly $378 million in Bitcoin short positions were liquidated within an hour and total market liquidations topped $747 million in that period.

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