“Bitcoin Surges to New All-Time High Above $81K, Triggering $180 Million in Short Liquidations”

About $180 million in short positions have been wiped as Bitcoin hit another new all-time high of $81,358.

Crypto traders betting on a market drop were hit with major liquidations as Bitcoin surged to a new all-time high above $81,000, causing widespread losses in short positions.

CoinGlass data shows that in the last 12 hours, about $180 million in short positions were liquidated across the crypto market.

Bitcoin BTCtickers down$80,693 has continued to rally in the wake of President-elect Donald Trump’s US election win, spiking over 6% to a new all-time high of $81,358 on Nov. 10, according to CoinGecko.

In the last 12 hours, about $180 million in short positions has been liquidated from the crypto market. Source: CoinGlass

Bitcoin shorters were the hardest hit, with $67 million in liquated positions, followed by about $23 million for those shorting Dogecoin and $21 million for traders shorting Ether ETHtickers down$3,128.37.

At the same time, $228 million in long bets were also liquated. In the last 24 hours, CoinGlass reports that at least 218,206 trader’s positions liquidated, with the total climbing to $682.72 million, including short and long positions.

The most significant single liquidation of $15.56 million was a user on the crypto exchange OKX swapping Bitcoin to Tether USDTtickers down$1.00.

Traders shorting Bitcoin were hit with the most liquidations across the crypto market in the last 24 hours. Source: CoinGlass

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