Bitcoin’s surge to an all time high of $81,000 caused widespread losses for crypto traders who had bet on the market dropping.
CoinGlass data Showed that about $180,000,000 in short positions was liquidated in the last twelve hours across the crypto market.
BitcoinBTCCoinGecko reports that the price of, which is a cryptocurrency, has continued its rally following Donald Trump’s election victory in America. It surged more than 6% on November 10 to an all time high of $81,358.
About $180 million worth of short positions have been liquidated in the past 12 hours. Source: CoinGlass
The Bitcoin shorts took the biggest hit with $67 Million in liquidated positions. This was followed by Dogecoin holders who lost $23M and Ether holders who lost $21M.ETH).
The long bets totaled $256 million. CoinGlass reports that over the last 24-hours, at least 218,206 trader’s positions have liquidated. This total has risen to $682,7 million. short and long positions.
One user at the OKX cryptocurrency exchange traded Bitcoin into Tether for a total of $15,6 million.USDT).
In the past 24 hours, traders who shorted Bitcoin suffered the greatest number of losses across all crypto markets. Source: CoinGlass
Last 30 Days, November 6 saw the highest number of short positions liquidatedBitcoin fell briefly below 69,000 dollars in the run-up to the US presidential election.
TradingView has reported that Bitcoin’s movements have been influenced by the market. pushed The market share of Apple is now at 59%. This puts it close to the 60% mark, its previous high on October 1, which is its highest since April 2020.
Related: Crypto greed index taps 7-month high as Bitcoin surges past $81K
Since Trump’s election, the market has been mostly bullish. winning seats in the Senate The following are some examples of how to get started: House of Representatives.
Caroline Bowler of BTC Markets in Australia wrote to Cointelegraph that the price spike was part of the crypto market’s resurgence. “Trump Effect” Retail investors are returning to cryptocurrency
BTC Markets has seen an increase of 300% in logins from domestic users over the past week. “the highest in the past six months — signaling the return of retail investors as Trump’s political resurgence reverberates through global financial markets.”
On November 10, onchain analyst James Check wrote a post in X stating that Bitcoin has entered the mainstream. “Euphoria zone by convincingly breaking through the previous cycles ATH.”
Source: Checkmate
“However, it is doing so with a relatively cooled down Market Value to Realized Value Ratio,” “He said”
“The 8-months of chopsolidation allowed investors to acclimate to higher prices, forming a firm foundation for launch,” Add Check
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Source: cointelegraph.com
