
Bitcoin’s surge to a historic high of $81,358 has sent short traders scrambling, with $180 million in bets liquidated in hours. The powerful rally, spurred by the recent U.S. election results, has reawakened the crypto market’s bullish momentum and shaken up investor sentiment.
Bitcoin’s Price Surge Leaves Short Traders Reeling
When Bitcoin’s price soared to a record high above $81,000, many crypto traders who had gambled on a market decline lost a lot of money because they liquidated their positions.
According to data compiled by CoinGlass, the cryptocurrency market saw the liquidation of around $180 million worth of short bets
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