Bitcoin blasts through $80,000 as $320M in short bets get liquidated
Bitcoin shot up to $80,000, and the move came with a brutal cleanup for bears. About $320 million in short positions were liquidated across the crypto market in just 30 minutes, according to WatcherGuru. The squeeze shows how fast leveraged bets can unwind when price runs the other way.
Bitcoin just ripped through $80,000, and the shorts paid for it. Roughly $320 million in short positions were liquidated from the crypto market in a single 30-minute window, according to WatcherGuru.
The speed is the story. Shorts are bets that price goes down, and when Bitcoin climbs instead, those positions get closed by force. That forced buying can feed straight back into the rally, which is how a 30-minute stretch turns into a nine-figure wipeout.
WatcherGuru flagged the surge and the liquidation figure in a breaking post on X. The outlet's numbers have not been independently confirmed, and liquidation tallies can vary between data providers depending on which exchanges they track.
The $80,000 level is the number traders will be staring at now. Hold above it and the squeeze has room to keep going; slip back under and the momentum crowd starts getting twitchy.
For now, the tape belongs to the bulls, and the wreckage belongs to anyone who bet against them this half hour.
TopicsBitcoin · WatcherGuru
Written by Paparazzi with AI. Not financial advice.
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