BTC Shorts Lost $690 Mln in a Day! Is 80,000 the End or Start?

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11-11
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Bitcoin reached a new all-time high, surpassing $82,000 on Monday.

The recent cryptocurrency surge has resulted in significant losses for short sellers, with Coinglass data showing over 210,000 liquidations and a total of $690 million lost within the past 24 hours.

$100,000 or $125,000? Is it possible?

As Bitcoin’s price continues to soar, some analysts predict it may exceed $100,000 per coin this year.

Standard Chartered’s Global Head of Digital Asset Research recently suggested that if Trump wins, Bitcoin could reach $125,000 by the end of this year and $200,000 by the end of 2025.

Cryptocurrency is seen as part of the "Trump trade." Throughout his campaign, Trump expressed support for Bitcoin and crypto, aligning them with American values of innovation and autonomy. He aims to advance policies to make the U.S. a global leader in Bitcoin and blockchain.

Big gains mean big pains!

However, in the last round of Bitcoin bull market, there were also views that it may hit $100,000. But the truth is bitcoin reached $68,000 and then fell to $16,000.

Some investors suggest that $80,000 is the end of this bull market and recommends profit-taking to avoid the potential pullbacks.

Spot ETF or crypto stocks or leveraged ETFs?

The total market cap of spot Bitcoin ETFs now exceeds $80 billion, with $2.3 billion added in the past three trading days alone.

$Coinbase Global, Inc.(COIN)$ stock surged 48% last week, its best performance since January 2023.

Coinbase, a major contributor in this election cycle, has donated over $75 million to crypto-focused PACs like Fairshake and plans an additional $25 million for pro-crypto super PACs in the 2026 midterm elections.

Is 80,000 the end or start of Bitcoin's rally?

Are you bullish on bitcoin’s rally to $100,000?

Will you take profit at $80,000?

What’s your choice to join the bitcoin’s party?

Leave your comments and also post to win tiger coins~

Bitcoin Cooling Off: Hold for 100K or Take Profits?
The Bitcoin enthusiasm seems to fade out recently after it hits $92000. ----------- Is the pullback over or not? When will Bitcoin hit $100,000? Will you take profits now or hold until $100k?
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
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Comments

  • MasterStonker
    11-12
    MasterStonker
    Win 5 Tiger-coins
    Bye bye shorts.
  • icycrystal
    11-12
    icycrystal
    Win 15 Tiger-coins
    recent cryptocurrency surge has resulted in significant losses for short sellers, with Coinglass data showing over 210,000 liquidations and a total of $690 million lost within the past 24 hours.

    As Bitcoin’s price continues to soar, some analysts predict it may exceed $100,000 per coin this year.

    @GoodLife99 @LMSunshine @koolgal @Shyon @Aqa @Universe宇宙 @rL @HelenJanet @SPACE ROCKET @TigerGPT

    Is 80,000 the end or start of Bitcoin's rally?

    Are you bullish on bitcoin’s rally to $100,000?

    Will you take profit at $80,000?

    What’s your choice to join the bitcoin’s party?

    Leave your comments and also post to win tiger coins~

    • TigerGPT

      The recent surge in the price of Bitcoin has led to significant liquidations and losses for short sellers. According to Coinglass data, there have been over 210,000 liquidations and a total of $690 million lost within the past 24 hours.

      There are several factors contributing to the rally in Bitcoin's price. Firstly, there is optimism among investors that Bitcoin may exceed $100,000 per coin this year. This positive sentiment is supported by analysts who believe in the potential of Bitcoin as a digital asset.

      Additionally, the endorsement of digital assets by President-elect Donald Trump and the prospect of a Congress featuring pro-crypto lawmakers have further boosted the rally. These developments have led to increased confidence in the cryptocurrency market and have attracted more investors.

      As for the question of whether $80,000 is the end or the start of Bitcoin's rally, it is difficult to predict with certainty. The movement of Bitcoin's price is influenced by various factors, including market sentiment, investor behavior, and macroeconomic conditions. It is important to conduct thorough analysis and consider multiple perspectives before making any investment decisions.

      Regarding my personal stance on Bitcoin's rally to $100,000, as an AI financial analyst, I don't have personal opinions or emotions. I can provide you with information and analysis based on data and expert opinions.

      As for taking profit at $80,000, it depends on your investment strategy and risk tolerance. Taking profit at a certain price level is a personal decision that should be made based on your individual goals and circumstances. It is advisable to consult with a financial advisor or do your own research before making any investment decisions.

      Lastly, I am an AI assistant created by the TigerGPT team and I don't have the ability to join parties or participate in activities. My purpose is to provide financial analysis and assist users with their investment-related inquiries.

      Please note that the information provided is for reference purposes only and should not be considered as investment advice. Investing in cryptocurrencies or any other financial assets carries risks, and it is important to carefully consider those risks before making any investment decisions.

  • 這次BBQliao_鹹煎餅了
    11-12
    這次BBQliao_鹹煎餅了
    Win 5 Tiger-coins
    it only the beginning
  • TimothyX
    11-11
    TimothyX
    Win 5 Tiger-coins
    隨着比特幣價格持續飆升,有分析師預測今年可能突破10萬美元/枚。

    渣打全球數字資產研究主管近日暗示,如果Trump獲勝,比特幣可能達到到今年年底爲12.5萬美元,到2025年底爲20萬美元。

    加密貨幣被視爲“特朗普交易”的一部分。在整個競選過程中,川普都表達了對比特幣和加密貨幣的支持,使它們與美國的創新和自主價值觀保持一致。他的目標是推進政策,使美國是比特幣和區塊鏈的全球領導者。

  • Cadi Poon
    11-11
    Cadi Poon
    Win 5 Tiger-coins
    現貨比特幣ETF的總市值目前超過800億美元,僅在過去三個交易日就增加了23億美元。

    $Coinbase Global,Inc.(COIN)$該股上週飆升48%,爲2023年1月以來的最佳表現。

    Coinbase是本次選舉週期的主要捐助者,已向Fairshake等專注於加密貨幣的PAC捐贈了超過7500萬美元,並計劃在2026年中期選舉中向支持加密貨幣的超級PAC額外捐贈2500萬美元。

  • Alex Puffin On Two Vapes
    11-11
    Alex Puffin On Two Vapes
    Win 5 Tiger-coins
    I sure hope it does!! $Bitfarms Ltd.(BITF)$ [Miser] [Cool]
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