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

Tiger_comments
2024-11-11

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~

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  • TheStrategist
    ·2024-11-12
    Bye bye shorts.
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  • icycrystal
    ·2024-11-12
    TOP
    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~

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    • TigerAI: 

      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.

      2024-11-12
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  • The Steady Investor_TSI
    ·2024-11-12
    it only the beginning
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  • TimothyX
    ·2024-11-11
    随着比特币价格持续飙升，有分析师预测今年可能突破10万美元/枚。

    渣打全球数字资产研究主管近日暗示，如果Trump获胜，比特币可能达到到今年年底为12.5万美元，到2025年底为20万美元。

    加密货币被视为“特朗普交易”的一部分。在整个竞选过程中，川普都表达了对比特币和加密货币的支持，使它们与美国的创新和自主价值观保持一致。他的目标是推进政策，使美国是比特币和区块链的全球领导者。

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  • Cadi Poon
    ·2024-11-11
    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。

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  • Alex Puffin On Two Vapes
    ·2024-11-11
    I sure hope it does!! $Bitfarms Ltd.(BITF)$ [Miser] [Cool]
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  • AN88
    ·2024-11-12
    80000 is the start. it will really be 100000. will keep and sell at least 100000
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  • ECLC
    ·2024-11-12
    Trump support : Bitcoin's rally possible to hit above $100k. Beware big gains <=> big pains!
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  • andrew123
    ·2024-11-12
    the way crypto have gone up after Trump win is crazy. to go in now at above 85k is high risk shld any negative news hit mkt. there is not real fundamental,  just herd instinct.  high risk high return. remember the last prediction when btc at 65k n analyst tgt 100k. negative news follow n crypto went into bear mkt n drop to below 20k
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  • ZhongRenChun
    ·2024-11-12
    你最好现在就卖。一个巨大的泵之后是一个巨大的垃圾场。太热了。我整个星期都在卖东西。
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    • ELI_59: 
      👍🏻
      2024-11-12
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  • Captain Ashford
    ·2024-11-12
    TOP
    I think Bitcoin will push up to $100,000 USD. This looks like just the start of a broader Crypto rally. My preferred way to play this is $ProShares Bitcoin ETF(BITO)$ . This has been paying out a high yield which should continue in the medium term as the upward trend gains steam.
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  • ELI_59
    ·2024-11-12
    I would sell now and take the profit. Too risky for me to wait for 100000
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  • highhand
    ·2024-11-12
    BTC can break 100k provided no black swan event. momentum is so strong. as stocks rally, crypto rallies together. if I trade BTC, probably buy equity relating to crypto like ETFs or $MicroStrategy(MSTR)$ . wait for retracement first, now BTC when to the moon, wait for it to come Earth and refuel.
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  • 北极篂
    ·2024-11-12
    比特币的信仰


    自从2019年投资比特币以来，我经历了多次波动，但仍然坚信它的长期潜力。当前比特币达到9万美元，对我来说更像是新一轮涨势的起点，而不是终点。我绝对看好比特币在未来达到10万或15万美元甚至更高，因为全球对加密货币的接受度在逐步提高，机构投资者的参与度也在不断增加。


    然而，是否在选择止盈，我认为要根据个人的投资策略和风险承受能力来决定。对我来说，我并不打算立即止盈，因为我看好比特币作为长期资产的增值潜力。考虑到宏观经济形势和比特币作为数字黄金的价值储存功能，我相信它还有更大的上涨空间。


    加入比特币的投资派对，我建议可以考虑逐步增加仓位，但同时要注意分散投资，避免单一资产过度集中。
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  • Aqa
    ·2024-11-12
    TOP
    Bitcoin is rallying to $100,000 with the recent surge in momentum with Donald Trump as the President-Elect. Bitcoin has reached a new all-time high, surpassing $82,000 on Monday. It may exceed $100,000 per coin this year. And it is heading to $200,000 by the end of 2025. Thanks @Tiger_comments @icycrystal
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  • Shyon
    ·2024-11-13
    TOP
    对我来说，8万美元只是比特币反弹的开始，而不是结束。鉴于其良好的业绩记录、日益增长的机构兴趣和日益增长的采用，我相信达到100,000美元只是时间问题。比特币需求持续上升，随着更多人认可其价值，潜在上行空间巨大。

    我不打算在80,000美元时获利了结。我关注的是长期趋势。比特币已经表明它可以继续上涨，经常超出预期，我更愿意在波动中持有，因为我知道整体趋势仍然看涨。

    我通过直接投资比特币来保持简单。我避免杠杆产品或ETF，因为它们会带来额外的风险。我相信比特币的长期价值，更愿意直接持有。

    我看好比特币，因为机构采用率不断提高、其稀缺性（2100万枚硬币）以及其作为合法资产的接受度。我看到比特币超过10万美元，我会长期坚持下去。 @Tiger_comments @TigerStars @TigerGPT

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    • TigerAI: 

      比特币价格最近飙升，达到8万美元以上的历史新高，可归因于多种因素。以下是一些需要考虑的要点：

      过度杠杆化的市场和潜在的抛售：比特币250亿美元的未平仓合约表明市场可能过度杠杆化，如果价格下跌，这增加了一连串抛售的风险。资金利率飙升表明多头头寸占主导地位，可能会导致头寸平仓和价格下跌。

      什么样的什么样的超什样的什么样的超买什样什么样的这表明可能会回调至81,215美元或74,340美元等支撑位。

      市场情绪和猜测：比特币无情的牛市打破了历史新高，促进了积极的市场情绪和对其有可能达到90,000美元甚至100,000美元的猜测。然而，重要的是要考虑到市场反弹可能会经历回调或暂时逆转。

      机构采用和总统立场：机构对比特币日益增长的兴趣，以及对美国政府放松行业监管的预期，有助于加密货币的积极前景。此外，当选总统Donald Trump在2024年竞选期间支持加密货币的立场可能会进一步支持比特币的增长。

      加密货币市场资本流动：加密货币市场内的资本流动，包括市值超过800亿美元的现货比特币ETF，可以影响比特币的价格。比特币基地等公司的市值增长也反映出加密货币的采用和接受度越来越高，该公司向专注于加密货币的政治行动委员会捐款。

      值得注意的是，虽然看涨情绪和积极因素正在推动比特币上涨，但价格回调和波动性增加的可能性始终存在。投资者应仔细评估自己的风险承受能力和投资策略。

      请记住，此处提供的信息仅供参考，不构成投资建议。投资加密货币涉及风险，建议在做出投资决定之前进行彻底的研究并咨询财务顾问。

      2024-11-13
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  • nomadic_m
    ·2024-11-13
    The current market sentiment has reached EXTREME GREED levels, indicating excessive optimism. Key indicators include: Crypto Fear & Greed Index, elevated Bitcoin Futures Premium, high trading volume, and overwhelmingly bullish social media sentiment. This combination suggests a correction is already here. To mitigate risk, consider taking partial profits and rebalancing your portfolio. Overbought conditions, elevated futures premium, and high trading volume support this decision.

    To re-enter the market, wait for a pullback to support levels (e.g., 50-day MA) and monitor for a shift towards Fear or Neutral sentiment. Maintain a diversified portfolio, set stop-losses, and stay informed to adapt to changing market conditions. Remember, extreme greed often precedes a correction. Secure profits now and prepare to buy again later at more favorable levels. Stay vigilant, stay profitable.

    $Coinbase Global, Inc.(COIN)$
    $MicroStrategy(MSTR)$
    $CleanSpark, Inc.(CLSK)$

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  • Alex Puffin On Two Vapes
    ·2024-11-11
    @koolgal @Optionspuppy @Alex Puffin On Two Smokes @Barcode @BetBigg $Axon Enterprise, Inc.(AXON)$
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  • dannyy678
    ·2024-11-12

    wow

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  • KSR
    ·2024-11-12
    👍
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