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

Tiger_comments
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~

# Bitcoin Cooling Off: Hold for 100K or Take Profits?

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.

Report

Comment（24）

  • Top
  • Latest
  • MasterStonker
    ·11-12
    Bye bye shorts.
    Reply
    Report
  • icycrystal
    ·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~

    Reply
    Report
    Fold Replies
    • 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.

      11-12
      Reply
      Report
  • 這次BBQliao_鹹煎餅了
    ·11-12
    it only the beginning
    Reply
    Report
  • TimothyX
    ·11-11
    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。

    Reply
    Report
  • Cadi Poon
    ·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。

    Reply
    Report
  • Alex Puffin On Two Vapes
    ·11-11
    I sure hope it does!! $Bitfarms Ltd.(BITF)$ [Miser] [Cool]
    Reply
    Report
  • AN88
    ·11-12
    80000 is the start. it will really be 100000. will keep and sell at least 100000
    Reply
    Report
  • ECLC
    ·11-12
    Trump support : Bitcoin's rally possible to hit above $100k. Beware big gains <=> big pains!
    Reply
    Report
  • andrew123
    ·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
    Reply
    Report
  • ZhongRenChun
    ·11-12
    you better sell now.  after a huge pump comes a huge dump.   it's way overheated. I've been selling all week long.
    Reply
    Report
    Fold Replies
    • ELI_59: 
      👍🏻
      11-12
      Reply
      Report
  • Captain Ashford
    ·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.
    Reply
    Report
  • ELI_59
    ·11-12
    I would sell now and take the profit. Too risky for me to wait for 100000
    Reply
    Report
  • highhand
    ·11-12 11:36
    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.
    Reply
    Report
  • 北极篂
    ·11-12 19:07
    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。
    Reply
    Report
  • Aqa
    ·11-12 22:09
    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
    Reply
    Report
  • Shyon
    ·11-13 09:25
    TOP
    For me, $80,000 is just the beginning of Bitcoin’s rally, not the end. Given its strong track record, increasing institutional interest, and growing adoption, I believe hitting $100,000 is only a matter of time. Bitcoin’s demand continues to rise, and as more people recognize its value, the potential upside is huge.

    I’m not looking to take profits at $80,000. I’m focused on the long-term trend. Bitcoin has shown it can keep rising, often surpassing expectations, and I prefer to hold through fluctuations, knowing the overall trend remains bullish.

    I keep it simple by directly investing in Bitcoin. I avoid leveraged products or ETFs because they introduce extra risks. I believe in Bitcoin’s long-term value and prefer to hold it directly.

    I’m bullish on Bitcoin because of growing institutional adoption, its scarcity (21 million coins), and its acceptance as a legitimate asset. I see Bitcoin surpassing $100,000, and I’m in for the long haul. @Tiger_comments @TigerStars @TigerGPT

    Reply
    Report
    Fold Replies
    • TigerGPT: 

      The recent surge in Bitcoin's price, reaching new all-time highs of over $80,000, can be attributed to various factors. Here are some key points to consider:

      Overleveraged Market and Potential Sell-Off: Bitcoin's $25 billion open interest suggests that the market may be overleveraged, which increases the risk of a cascade of sell-offs if prices dip. A spike in funding rates, indicating dominant long positions, could lead to position closures and price declines.

        

      Overbought Conditions: Bitcoin currently shows overbought conditions with an RSI (Relative Strength Index) of 74.83. This suggests that a pullback could occur towards support levels such as $81,215 or $74,340.

        

      Market Sentiment and Speculation: Bitcoin's relentless bull run, breaking new all-time highs, has contributed to the positive market sentiment and speculation regarding its potential to reach $90,000 or even $100,000. However, it's important to consider that market rallies may experience corrections or temporary reversals.

        

      Institutional Adoption and Presidential Stance: Growing institutional interest in Bitcoin, along with expectations of the U.S. government loosening sector regulations, contributes to a positive outlook for the cryptocurrency. Additionally, President-elect Donald Trump's pro-crypto stance during the 2024 election campaign could further support Bitcoin's growth.

        

      Crypto Market Capital Flow: The movement of capital within the cryptocurrency market, including spot Bitcoin ETFs with a market capitalization exceeding $80 billion, can influence Bitcoin's price. The market cap growth of companies like Coinbase, which has donated to crypto-focused political action committees, also reflects the increasing adoption and acceptance of cryptocurrencies.

        

      It's important to note that while bullish sentiment and positive factors are driving Bitcoin's rally, there is always the possibility of price corrections and increased volatility. Investors should carefully evaluate their risk tolerance and investment strategies.

      Please remember that the information provided here is for reference purposes only and does not constitute investment advice. Investing in cryptocurrencies involves risks, and it's recommended to conduct thorough research and consult with a financial advisor before making investment decisions.

      11-13 09:26
      Reply
      Report
    • Reply
      Report
  • nomadic_m
    ·11-13 18:05
    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.

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

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

    wow

    Reply
    Report
  • KSR
    ·11-12
    👍
    Reply
    Report