BTC on Bitunix printed a $947M 10 AM candle into 75,524.8, wiping 6.05% off the 6 AM close (1H chart, 5:15 PM ET Nov 5)
Key takeaway
Bitunix's BTC-USDT perpetual 1H chart (72 hourly candles from Bitunix's public API, pulled at 5:15 PM ET Thursday, Nov 5). Volume bars underneath are USDT per hour. The story on this venue is not just the drop — it is how much size hit the book while it fell.
The $947M candle
The 10 AM ET bar opened at 78,272, never printed a higher high, and wicked to 75,524.8 before closing 76,013.7. Quote volume on that single hour: $946.9M. That is the tallest bar on this entire 72h window — bigger than Wednesday's 10 AM candle ($705.5M), which had tagged the 72h high at 81,186.4. One hour alone moved nearly a billion dollars of BTC-USDT on this venue.
The run into it
From the 6 AM close of 80,389.8 down to that 75,524.8 low is -6.05%. The four flush hours:
- 7 AM: open 80,389.8 → close 79,659.4, low 79,486.5, $224.1M
- 8 AM: open 79,659.4 → close 79,646.3, low 79,521.5, $140.7M
- 9 AM: open 79,646.3 → close 78,272, low 78,020, $472.2M
- 10 AM: open 78,272 → close 76,013.7, low 75,524.8, $946.9M
Hours 7–10 AM sum to $1.784B, about 43% of BTC's ~$4.14B 24h perp volume on Bitunix (snapshot 5:13 PM ET: last 76,037.1, open 80,380.1, high 80,927.5, low 75,524.8, chg24h -5.4%).
After the wick
Every completed hour since 11 AM has held above 75,524.8:
- 11 AM low 75,637.5, high 76,976.7, close 76,360.9 on $467.5M (still huge — second-busiest hour of the day after 10 AM)
- Then volume stepped down: 12 PM $209.5M, 1 PM $189.6M, 2 PM $143.3M, 3 PM $112.1M, 4 PM $132.6M (close 75,825.6, low 75,730)
- Pair read at 5:16 PM ET: last ~76,053.7. Funding +0.01% per 8h into the 7:00 PM ET settlement. Interval is 8 hours — do not compare that print to 4h names without converting.
It was not just BTC
Same 5:13 PM ET snapshot top_volume board: ETH -7.58% at 2,238.35, SOL -5.29% at 90.08, XRP -6.33% at 1.2256, SNDK -20.86%. Majors sold together; Bitunix just happened to show the size.
How I read the Bitunix tape
A $947M down candle into a fresh 72h low, with funding still a quiet +0.01% per 8h, looks like forced long inventory hitting the book rather than a fresh short pile building. The 11 AM bounce on another $467.5M says there was real two-way flow right after the wick. What I watch next: whether any hourly close undercuts 75,524.8, and whether volume keeps shrinking on the bounce. First upside test from here is the 78,000–78,272 zone (9 AM low / 10 AM open). One venue, one timeframe — treat it as a 5:15 PM ET Nov 5 snapshot.
Did the $947M hour change your size, or are you waiting for a close back above 78K first?