wow

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

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

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

  • Top
  • Latest
empty
No comments yet