Summary

  • Bitcoin(BTC) hit $80,000, leading to the liquidation of more than $415 million in positions across the cryptocurrency market over the past hour.
  • According to Cointelegraph, total liquidations in the hour around Bitcoin’s move to $80,000 exceeded $415 million.
  • Of that total, liquidations of short positions betting on a price decline came to roughly $330 million, accounting for about 80% of the total.

Forecast Trend Report by Period

Bitcoin hit $80,000, triggering more than $415 million in liquidations across the cryptocurrency market over the past hour.

Cointelegraph reported on November 4 that liquidations across the broader crypto market topped $415 million in the hour after Bitcoin reached $80,000.

Of that total, roughly $330 million came from short positions betting on a price decline.

Short liquidations accounted for about 80% of the total.

JH Kim