NewsSignals AI analysis·Oliver Knight·Nov 5, 2026

Bitcoin holds above $80,000 after Wednesday’s jump as injective rallies on staked ETF listing

Grade Abullish AI signal$BTC$ETH$INJ

Bitcoin is holding above $80,000 after Wednesday's rally, while Injective surged following Nasdaq's approval of a staked INJ ETF listing. U.S. spot Bitcoin ETFs recorded $74.6 million in inflows, ending a three-day outflow streak, while BTC's 24-hour liquidations reached $267 million, with 93% coming from shorts. Nasdaq's approval of Canary Capital's proposed INJ ETF, trading under INJC, helped INJ gain around 10% over 24 hours. Continued ETF inflows and reduced demand for downside protection could support further crypto upside, although Bitcoin's rally remains heavily driven by short liquidations rather than fresh long positioning.

Bullish strength: 75/100

Bitcoin remains above $80,000 following Wednesday's rally.
U.S. spot Bitcoin ETFs recorded $74.6 million in inflows, ending three consecutive days of outflows.
Approximately 93% of Bitcoin's $267 million in liquidations were short positions.
Bitcoin's one-week options skew fell from 11% to approximately 2%, indicating reduced demand for downside protection.
Five of Bitcoin's six most active options contracts were calls.
Nasdaq approved the listing of Canary Capital's staked INJ ETF.
INJ gained approximately 10% over 24 hours.

Bearish strength: 25/100

Bitcoin's rally was largely driven by forced short liquidations rather than fresh long positioning.
Market-wide taker buy-sell volume shifted to a slight sell bias at 50.6%.
Bitcoin's implied volatility declined to approximately 33%, reflecting lower expected price swings.
Ether options positioning remained defensive, with four of six most active contracts being puts.

This is automated NewsSignals analysis of third-party reporting, not independent original reporting or investment advice. AI scores are not price predictions.

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