Crypto Market Recap Nov 5, 2026: LayerZero Leads a Broad Selloff
Market cap $2.63T (-4.8%), spot volume $76.8B, 380 assets up and 2053 down, Fear & Greed at 47.
Coinmico ResearchPublished 
- Market cap
- $2.63T
- -4.8%
- Spot volume (24h)
- $76.8B
- +1.0%
- BTC dominance
- 58.3%
- -0.31 pts
- Fear & Greed
- 47
- Neutral
- Up / Down
- 380 / 2053
- assets up / down
- Liquidations
- $427M
- $319M L · $108M S
Top assets, 24h
What Moved
A heavy day for the market: $132B of capitalisation left the market as the total fell 4.8% to $2.63T.
BTC ended the day at $76,112 (-5.3%), moving with the market rather than against it; its share of total capitalisation is 58.3%. Ethereum lost 7.4% to $2,237.
Breadth was weak: 2053 assets fell against 380 that rose, and only 20.0% of the hundred largest managed a gain.
Rain (RAIN) was the day's strongest mover at +7.4%, ahead of BTW (+5.2%). At the other end, LayerZero (ZRO) fell 12.5%, with ENA (-10.0%) close behind. By sector, Zero Knowledge led (+1.0%) while DEX & AMM trailed (-7.2%).
Volume and Leverage
We measured $76.8B of spot turnover, +1.0% on the previous session — nothing unusual in participation. Spot on centralised exchanges accounted for $75.6B, on-chain swaps $2.49B and derivatives $137B.
Leverage took the hit: $427M of perpetual positions were liquidated over the day, most of it longs ($319M against $108M of shorts). Open interest stands at $63.7B.
Sentiment
Sentiment swung. The Coinmico Fear & Greed index reads 47 (neutral), up 14 points from 33 a day earlier and against 45 a week ago.
Sectors
Rotation was visible at the sector level. Zero Knowledge finished +1.0% while DEX & AMM closed -7.2%, a spread of 8.3 points across the 10 sectors we track; 1 of them rose and 9 fell, with the middle of the pack (Derivatives & Perpetuals) at -5.0%. Zero Knowledge holding up while the market fell is the kind of relative strength worth noting if the selling continues.
Top gainers (top 100)
Rain RAIN$0.00646+7.4%
Bitway BTW$1.15+5.2%
Injective INJ$8.31+4.1%
Pearl PEARL$1.64+3.7%
Zcash ZEC$1,318+2.1%
Top losers (top 100)
LayerZero ZRO$1.59-12.5%
Ethena ENA$0.163-10.0%
Uniswap UNI$6.95-9.3%
Mantle MNT$0.439-8.9%
Midnight NIGHT$0.0395-8.8%
Sectors, 24h
- Zero Knowledge+1.0%
- Privacy-2.0%
- RWA-4.1%
- Exchange Tokens-4.3%
- DeFi-4.8%
- Derivatives & Perpetuals-5.0%
- Storage & Compute-5.4%
- Layer 1-5.5%
- Memes-6.3%
- DEX & AMM-7.2%
What to Watch
The first question for the next session is whether the selling was a repricing or a flush. With $427M of leverage cleared, positioning is lighter than it was a day ago, which historically makes follow-through harder.
The 14-point swing in the Fear & Greed index is the largest single-day move in sentiment this week and worth more attention than the level itself: sentiment moving faster than price tends to mean-revert.
2053 of 2433 assets with a measurable move closed lower. Selling that wide is a de-risking of the whole asset class, not a rotation out of specific names, and it typically needs a bitcoin bounce to stop.
All figures are measured on Coinmico's own index across 56 exchanges and 37 decentralised venues at 01:19 UTC. Tomorrow's recap will show whether today's reading held.