Bitcoin sudden pump to $81K annihilates $180M shorts in half a day

About $180 million in short positions were 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 an all-time high above $81,000, causing widespread losses in short positions.

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

Bitcoin (BTC) has continued to rally in the wake of President-elect Donald Trump’s US election win, spiking more than 6% to an all-time high of $81,358 on Nov. 10, according to CoinGecko.

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