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$371M in crypto shorts wiped out as Bitcoin hits $76k: Is $80K the next stop?

AMBCrypto LogoAMBCrypto2w ago

$371M in crypto shorts wiped out as Bitcoin hits $76k: Is $80K the next stop? - AMBCrypto

Quick Summary:

Chasing quick gains without a strategy could leave traders vulnerable if the market shifts, threatening the $80K rally.

In the past three days alone, $26 billion in long positions were opened as speculators bet on a potential bull rally, driven by optimism surrounding Trump’s victory.

Conversely, with strong support, more long positions will likely join, leaving crypto shorts increasingly vulnerable.

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$371M in crypto shorts wiped out as Bitcoin hits $76k: Is $80K the next stop? - AMBCrypto (Picture 1)$371M in crypto shorts wiped out as Bitcoin hits $76k: Is $80K the next stop? - AMBCrypto (Picture 2)

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Article Details

Author / Journalist: Ripley G

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-08 @ 21:00:38 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: ambcrypto.com

Language: English

Article Length: 588 words

Reading Time: 4 minutes read

Sentences: 29 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © AMBCrypto

News ID: 23473337

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About AMBCrypto

AMBCrypto Logo

Main Topics: Crypto

Official Website: ambcrypto.com

Update Frequency: 23 posts per day

Year Established: 2018

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #103

Publisher Details

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The story "$371M in crypto shorts wiped out as Bitcoin hits $76k: Is $80K the next stop?" has 588 words across 29 sentences, which will take approximately 3 - 5 minutes for the average person to read.

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The story "$371M in crypto shorts wiped out as Bitcoin hits $76k: Is $80K the next stop?" was covered 2 weeks ago by AMBCrypto, a news publisher based in United States.

How trustworthy is 'AMBCrypto' news outlet?

AMBCrypto is a fully independent (privately-owned) news outlet established in 2018 that covers mostly crypto news.

The outlet is headquartered in United States and publishes an average of 23 news stories per day.

It's most recent story was published 8 hours ago.

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The sentiment for this story is currently Positive, indicating that people regard this as "good news".

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  • News ID: #23473337
  • URL: https://beamstart.com/news/371m-in-crypto-shorts-wiped-17311005991964

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