First Print 5 Nov: bitcoin near $80,500 after $80k reclaim

Key points

Bitcoin closed Wednesday at $80,440.8 on Kraken after an election-night low of $75,625 and a high of $81,179.6. Early Thursday it was near $80,578 on Kraken and $80,573 on Coinbase.
The $80,000 handle held overnight. Thursday’s low so far is $80,190.1, set in the 01:00 UTC hour.
The map: $80,828, Thursday’s high so far, then Wednesday’s $81,180 overhead; $80,190, then $80,000, below.

A wild Wednesday. A quiet Thursday so far.

Wednesday’s First Print caught bitcoin at $75,625 in the 03:00 UTC hour, its lowest since mid-September, then a climb back above $77,000 as US race calls landed. The rest of the day kept going.

From the low to $81,180

Wednesday’s Kraken range was $75,625 to $81,179.6. The close was $80,440.8 on about 4,498 BTC of volume, the heaviest daily print in this stretch.

Put simply, the market took the election-night washout, then spent the US session putting $80,000 back underneath the price. That is a level reclaim, not a trend call.

Overnight into Thursday Europe the tape flattened. Hourly closes from 00:00 through 03:00 UTC sat between about $80,470 and $80,610. The only dip worth marking was $80,190.1 in the 01:00 hour.

Ether was near $2,427, Solana near $96.24 and XRP near $1.31 on Kraken at the same stamp.

Leverage stayed out of the way

Deribit bitcoin perpetual open interest was about $663 million at 04:49 UTC, a touch below Wednesday morning’s $667 million. Funding on Deribit was flat. Binance and OKX perpetual funding stayed small and positive.

DVOL, Deribit’s one-month implied volatility index, was near 38, little changed from Wednesday.

CoinGecko’s snapshot had bitcoin dominance near 59.6% and total crypto market value up about 2.3% over 24 hours, reflecting Wednesday’s rebound more than Thursday’s open.

Do not confuse a held handle with a cleared ceiling. $84,250 — the level this desk still uses for the Brief mood — last saw a daily close on 6 Oct. Every hourly close in the last four hours is still well below it.

Chart to watch

$80,000 from above. A clean break back under it on rising volume would reopen Wednesday’s lower half of the range. A push through $81,180 would be the first higher high since the election-night low.

On the calendar

Bank of England MPC decision and minutes — 5 Nov, 12:00 UTC / 13:00 CET.
US cash equity open — 14:30 UTC / 15:30 CET.
Watch for any follow-through on Tuesday’s ETF Desk outflows once Thursday’s US create/redeem window prints.

Policy context from the US vote is already on the site: Democrats taking the House crypto committees.

As of 04:49 UTC, 5 Nov 2026: Kraken BTC $80,577.8 · Coinbase $80,572.82 · Deribit perp OI ~$662.7M · DVOL ~38.0.

This article is for information only and is not investment advice.