Bitcoin Surges Past $80,000, Triggering Over $357 Million in Liquidations
Bitcoin Surges Past $80,000, Triggering Over $357 Million in Liquidations
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Traders betting against Bitcoin (BTC) experienced significant losses, with over $375 million in leveraged crypto bets liquidated as the cryptocurrency's price broke above $80,000. The majority of these liquidations, totaling $304.96 million, affected short positions, underscoring strong bullish momentum in the market.
Traders betting against Bitcoin and the crypto markets are getting liquidated as BTC’s price pushes above $80,000. In the last 24 hours, a total of $375.02 million in leveraged crypto bets have been liquidated, according to the market data tracker CoinGlass. The vast majority of the liquidations hit traders going short, coming in at $304.96 million.