TL;DR
Bitcoin rebounded above $80,000 after falling below $76,000 following the U.S. midterms, while CoinMarketCap showed BTC near $80,490 with a 24-hour high around $81,080.
U.S. spot Bitcoin ETFs recorded $74.6 million in net inflows Wednesday, while derivatives data showed the rally was heavily driven by short liquidations.
Official Trump traded near $1.28, down about 15.2% over 24 hours, extending sharp daily losses even as Bitcoin and broader crypto markets recovered.
Bitcoin held above $80,490 after Wednesday’s rebound carried it to a 24-hour high near $81,080, recovering sharply from a low around $75,628. The move followed an initial post-midterm selloff as markets digested Democrats winning both chambers of Congress. Bitcoin’s rebound restored the $80,000 level without proving the political outcome caused the recovery , keeping attention on Bitcoin as volatility remains elevated.
Bitcoin Rebounds While TRUMP Extends Losses
The recovery built on the V-shaped move that began after election uncertainty faded and buyers returned. U.S. spot Bitcoin ETFs also recorded $74.6 million in net inflows on Wednesday, ending a three-session outflow streak. The return of ETF inflows added a fresh demand signal after several sessions of institutional selling , while the market continued reassessing the post-midterm Bitcoin rebound that began below $76,000 and accelerated during U.S. trading hours.
Derivatives data showed that forced positioning played a major role in the advance. Bitcoin open interest increased only 0.3% while price gained 2.6%, and around 93% of roughly $267 million in BTC liquidations were shorts. The mismatch suggests the surge was driven heavily by bearish positions being forced closed rather than a comparable wave of new leveraged longs , an important distinction after the recent Bitcoin ETF outflow streak had raised questions about the durability of institutional demand.
Official Trump moved in the opposite direction. CoinMarketCap showed TRUMP near $1.28 , down about 15.2% over 24 hours and close to its daily low of $1.22. TRUMP remained one of the weakest large-cap tokens even as Bitcoin recovered , extending the divergence already visible in Trump-linked tokens after the Democratic victory without establishing the election result as the sole driver of its decline.
The broader market rebound also coincided with stronger U.S. equities and lower oil prices, while Bitcoin’s short-term options positioning became less defensive. One-week skew fell sharply as demand for downside protection eased, and five of Bitcoin’s six most active options contracts were calls. Bitcoin’s 24-hour gain remained around 5.2%, showing how quickly sentiment reversed after the election-night selloff while TRUMP’s weakness persisted despite the recovery across much of the broader crypto market. The market has shifted from immediate downside protection toward testing whether the recovery can persist above $80,000 , but the rebound still needs durable spot and institutional demand to strengthen beyond a short squeeze, a question central to Bitcoin’s post-midterm catalysts .
