Key Facts

  • Bitcoin rose to about $77,700 on Tuesday after falling to $76,270 overnight, as futures liquidations shifted from bullish bets to bearish ones.

  • Long positions took 79% of Bitcoin's $96.9 million in liquidations over 24 hours, while shorts took 81% in the four hours to noon ET, CoinGlass data show.

  • CryptoQuant contributor XWIN Japan set $76,600 to $76,700 as support and $77,400 to $77,600 as the zone a recovery needs to reclaim.

Bitcoin rose to about $77,700 on Tuesday after falling to $76,270 overnight, as futures liquidations shifted from bullish bets to bearish ones.

Long positions took 79% of Bitcoin's $96.9 million in liquidations over 24 hours, while shorts took 81% in the four hours to noon ET, CoinGlass data show.

CryptoQuant contributor XWIN Japan set $76,600 to $76,700 as support and $77,400 to $77,600 as the zone a recovery needs to reclaim.

On-chain analytics firm Glassnode said spot buyers held their ground through the sell-off.

Why Did Bitcoin Fall? Futures Sellers and Forced Long Closures

What Changed Today? Liquidations Shifted to Short Sellers

The pattern reversed as the price recovered on Tuesday morning. Short positions accounted for most Bitcoin liquidations over the last few hours.

Who Is in Control? Futures Buyers and Sellers Are Balanced

CryptoQuant's chart marks buyer-led periods in green and seller-led periods in red. Major rallies in late 2023, late 2024 and summer 2025 came in green phases. The 2024 and 2025 tops arrived in red. The pattern has exceptions, including a green phase this spring that failed to hold.

CryptoQuant CEO Ki Young Ju also wrote that the midterms were the year's last big source of uncertainty for short-term investors.

What Level Matters? $76,600 Support, Then $77,600 to Hold

XWIN Japan named $76,600 to $76,700 as support. A recovery needs to reclaim $77,100 to $77,200 and then $77,400 to $77,600, alongside easing liquidations and sustained spot buying, the contributor wrote.

Bitcoin traded near $77,700 at midday, CoinMarketCap data show.

Bitcoin is holding near the top of that range heading into the first election results.

“A shift to green would signal that the rally is once again being supported by futures buying. A shift to red would mean sellers are taking the initiative,” BaykusCharts wrote on Tuesday.