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Bitcoin Price Bid For $87,000 Sends Short Traders Running As Liquidation Losses Cross $110 Million

Bitcoinist LogoBitcoinist2d ago

Bitcoin Price Bid For $87,000 Sends Short Traders Running As Liquidation Losses Cross $110 Million - Bitcoinist

Quick Summary:

The Bitcoin price surge toward $87,000 has ignited a wave of short liquidations, forcing bearish traders to close their positions at a loss.

In the last 24 hours, the total market liquidation passed $200,000, with the majority of this loss coming from short positions.

This indicates that a large number of short traders expected BTC to decline but were forced to exit as prices moved against them and hit the $87,000 mark.

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Bitcoin Price Bid For $87,000 Sends Short Traders Running As Liquidation Losses Cross $110 Million - Bitcoinist (Picture 1)

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Article Details

Author / Journalist: Scott Matherson

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-24 @ 15:30:04 (2 days ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 473 words

Reading Time: 3 minutes read

Sentences: 36 lines

Sentence Length: 14 words per sentence (average)

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

Copyright Owner: © Bitcoinist

News ID: 27281015

View Article Analysis

About Bitcoinist

Bitcoinist Logo

Main Topics: Crypto

Official Website: bitcoinist.com

Update Frequency: 9 posts per day

Year Established: 2014

Headquarters: Hungary

News Last Updated: 9 hours ago

Coverage Areas: Hungary

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: #105

Publisher Details

Frequently Asked Questions

How long will it take to read this news story?

The story "Bitcoin Price Bid For $87,000 Sends Short Traders Running As Liquidation Losses Cross $110 Million" has 473 words across 36 sentences, which will take approximately 2 - 4 minutes for the average person to read.

Which news outlet covered this story?

The story "Bitcoin Price Bid For $87,000 Sends Short Traders Running As Liquidation Losses Cross $110 Million" was covered 2 days ago by Bitcoinist, a news publisher based in Hungary.

How trustworthy is 'Bitcoinist' news outlet?

Bitcoinist is a fully independent (privately-owned) news outlet established in 2014 that covers mostly crypto news.

The outlet is headquartered in Hungary and publishes an average of 9 news stories per day.

It's most recent story was published 9 hours ago.

What do people currently think of this news story?

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

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  • News ID: #27281015
  • URL: https://beamstart.com/news/bitcoin-price-bid-for-87000-17428308027817

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