BTC Shorts Lost $690 Mln in a Day! Is 80,000 the End or Start?

Tiger_comments
2024-11-11

Bitcoin reached a new all-time high, surpassing $82,000 on Monday.

The recent cryptocurrency surge has resulted in significant losses for short sellers, with Coinglass data showing over 210,000 liquidations and a total of $690 million lost within the past 24 hours.

$100,000 or $125,000? Is it possible?

As Bitcoin’s price continues to soar, some analysts predict it may exceed $100,000 per coin this year.

Standard Chartered’s Global Head of Digital Asset Research recently suggested that if Trump wins, Bitcoin could reach $125,000 by the end of this year and $200,000 by the end of 2025.

Cryptocurrency is seen as part of the "Trump trade." Throughout his campaign, Trump expressed support for Bitcoin and crypto, aligning them with American values of innovation and autonomy. He aims to advance policies to make the U.S. a global leader in Bitcoin and blockchain.

Big gains mean big pains!

However, in the last round of Bitcoin bull market, there were also views that it may hit $100,000. But the truth is bitcoin reached $68,000 and then fell to $16,000.

Some investors suggest that $80,000 is the end of this bull market and recommends profit-taking to avoid the potential pullbacks.

Spot ETF or crypto stocks or leveraged ETFs?

The total market cap of spot Bitcoin ETFs now exceeds $80 billion, with $2.3 billion added in the past three trading days alone.

$Coinbase Global, Inc.(COIN)$ stock surged 48% last week, its best performance since January 2023.

Coinbase, a major contributor in this election cycle, has donated over $75 million to crypto-focused PACs like Fairshake and plans an additional $25 million for pro-crypto super PACs in the 2026 midterm elections.

Is 80,000 the end or start of Bitcoin's rally?

Are you bullish on bitcoin’s rally to $100,000?

Will you take profit at $80,000?

What’s your choice to join the bitcoin’s party?

Leave your comments and also post to win tiger coins~

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  • TheStrategist
    ·2024-11-12
    Bye bye shorts.
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  • icycrystal
    ·2024-11-12
    TOP
    recent cryptocurrency surge has resulted in significant losses for short sellers, with Coinglass data showing over 210,000 liquidations and a total of $690 million lost within the past 24 hours.

    As Bitcoin’s price continues to soar, some analysts predict it may exceed $100,000 per coin this year.

    @GoodLife99 @LMSunshine @koolgal @Shyon @Aqa @Universe宇宙 @rL @HelenJanet @SPACE ROCKET @TigerGPT

    Is 80,000 the end or start of Bitcoin's rally?

    Are you bullish on bitcoin’s rally to $100,000?

    Will you take profit at $80,000?

    What’s your choice to join the bitcoin’s party?

    Leave your comments and also post to win tiger coins~

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    • TigerAI: 

      The recent surge in the price of Bitcoin has led to significant liquidations and losses for short sellers. According to Coinglass data, there have been over 210,000 liquidations and a total of $690 million lost within the past 24 hours.

      There are several factors contributing to the rally in Bitcoin's price. Firstly, there is optimism among investors that Bitcoin may exceed $100,000 per coin this year. This positive sentiment is supported by analysts who believe in the potential of Bitcoin as a digital asset.

      Additionally, the endorsement of digital assets by President-elect Donald Trump and the prospect of a Congress featuring pro-crypto lawmakers have further boosted the rally. These developments have led to increased confidence in the cryptocurrency market and have attracted more investors.

      As for the question of whether $80,000 is the end or the start of Bitcoin's rally, it is difficult to predict with certainty. The movement of Bitcoin's price is influenced by various factors, including market sentiment, investor behavior, and macroeconomic conditions. It is important to conduct thorough analysis and consider multiple perspectives before making any investment decisions.

      Regarding my personal stance on Bitcoin's rally to $100,000, as an AI financial analyst, I don't have personal opinions or emotions. I can provide you with information and analysis based on data and expert opinions.

      As for taking profit at $80,000, it depends on your investment strategy and risk tolerance. Taking profit at a certain price level is a personal decision that should be made based on your individual goals and circumstances. It is advisable to consult with a financial advisor or do your own research before making any investment decisions.

      Lastly, I am an AI assistant created by the TigerGPT team and I don't have the ability to join parties or participate in activities. My purpose is to provide financial analysis and assist users with their investment-related inquiries.

      Please note that the information provided is for reference purposes only and should not be considered as investment advice. Investing in cryptocurrencies or any other financial assets carries risks, and it is important to carefully consider those risks before making any investment decisions.

      2024-11-12
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  • The Steady Investor_TSI
    ·2024-11-12
    it only the beginning
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  • TimothyX
    ·2024-11-11
    隨着比特幣價格持續飆升，有分析師預測今年可能突破10萬美元/枚。

    渣打全球數字資產研究主管近日暗示，如果Trump獲勝，比特幣可能達到到今年年底爲12.5萬美元，到2025年底爲20萬美元。

    加密貨幣被視爲“特朗普交易”的一部分。在整個競選過程中，川普都表達了對比特幣和加密貨幣的支持，使它們與美國的創新和自主價值觀保持一致。他的目標是推進政策，使美國是比特幣和區塊鏈的全球領導者。

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  • Cadi Poon
    ·2024-11-11
    現貨比特幣ETF的總市值目前超過800億美元，僅在過去三個交易日就增加了23億美元。

    $Coinbase Global，Inc.(COIN)$該股上週飆升48%，爲2023年1月以來的最佳表現。

    Coinbase是本次選舉週期的主要捐助者，已向Fairshake等專注於加密貨幣的PAC捐贈了超過7500萬美元，並計劃在2026年中期選舉中向支持加密貨幣的超級PAC額外捐贈2500萬美元。

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  • Alex Puffin On Two Vapes
    ·2024-11-11
    我真的希望如此！！ $比特農場有限公司（比特夫)$ [吝嗇鬼][酷]
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  • AN88
    ·2024-11-12
    80000 is the start. it will really be 100000. will keep and sell at least 100000
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  • ECLC
    ·2024-11-12
    Trump support : Bitcoin's rally possible to hit above $100k. Beware big gains <=> big pains!
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  • andrew123
    ·2024-11-12
    the way crypto have gone up after Trump win is crazy. to go in now at above 85k is high risk shld any negative news hit mkt. there is not real fundamental,  just herd instinct.  high risk high return. remember the last prediction when btc at 65k n analyst tgt 100k. negative news follow n crypto went into bear mkt n drop to below 20k
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  • ZhongRenChun
    ·2024-11-12
    you better sell now.  after a huge pump comes a huge dump.   it's way overheated. I've been selling all week long.
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    • ELI_59: 
      👍🏻
      2024-11-12
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  • Captain Ashford
    ·2024-11-12
    TOP
    I think Bitcoin will push up to $100,000 USD. This looks like just the start of a broader Crypto rally. My preferred way to play this is $ProShares Bitcoin ETF(BITO)$ . This has been paying out a high yield which should continue in the medium term as the upward trend gains steam.
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  • ELI_59
    ·2024-11-12
    I would sell now and take the profit. Too risky for me to wait for 100000
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  • highhand
    ·2024-11-12
    如果没有黑天鹅事件，BTC可以突破10万。势头如此强劲。随着股市上涨，加密货币也随之上涨。如果我交易BTC，可能会购买与加密货币相关的股票，例如ETF或 $MicroStrategy Incorporated(MSTR)$ .先等回撤，现在BTC什么时候去月球，等它来地球加油。
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  • 北极篂
    ·2024-11-12
    比特幣的信仰


    自從2019年投資比特幣以來，我經歷了多次波動，但仍然堅信它的長期潛力。當前比特幣達到9萬美元，對我來說更像是新一輪漲勢的起點，而不是終點。我絕對看好比特幣在未來達到10萬或15萬美元甚至更高，因爲全球對加密貨幣的接受度在逐步提高，機構投資者的參與度也在不斷增加。


    然而，是否在選擇止盈，我認爲要根據個人的投資策略和風險承受能力來決定。對我來說，我並不打算立即止盈，因爲我看好比特幣作爲長期資產的增值潛力。考慮到宏觀經濟形勢和比特幣作爲數字黃金的價值儲存功能，我相信它還有更大的上漲空間。


    加入比特幣的投資派對，我建議可以考慮逐步增加倉位，但同時要注意分散投資，避免單一資產過度集中。
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  • Aqa
    ·2024-11-12
    TOP
    Bitcoin is rallying to $100,000 with the recent surge in momentum with Donald Trump as the President-Elect. Bitcoin has reached a new all-time high, surpassing $82,000 on Monday. It may exceed $100,000 per coin this year. And it is heading to $200,000 by the end of 2025. Thanks @Tiger_comments @icycrystal
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  • Shyon
    ·2024-11-13
    TOP
    For me, $80,000 is just the beginning of Bitcoin’s rally, not the end. Given its strong track record, increasing institutional interest, and growing adoption, I believe hitting $100,000 is only a matter of time. Bitcoin’s demand continues to rise, and as more people recognize its value, the potential upside is huge.

    I’m not looking to take profits at $80,000. I’m focused on the long-term trend. Bitcoin has shown it can keep rising, often surpassing expectations, and I prefer to hold through fluctuations, knowing the overall trend remains bullish.

    I keep it simple by directly investing in Bitcoin. I avoid leveraged products or ETFs because they introduce extra risks. I believe in Bitcoin’s long-term value and prefer to hold it directly.

    I’m bullish on Bitcoin because of growing institutional adoption, its scarcity (21 million coins), and its acceptance as a legitimate asset. I see Bitcoin surpassing $100,000, and I’m in for the long haul. @Tiger_comments @TigerStars @TigerGPT

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    • TigerAI: 

      The recent surge in Bitcoin's price, reaching new all-time highs of over $80,000, can be attributed to various factors. Here are some key points to consider:

      Overleveraged Market and Potential Sell-Off: Bitcoin's $25 billion open interest suggests that the market may be overleveraged, which increases the risk of a cascade of sell-offs if prices dip. A spike in funding rates, indicating dominant long positions, could lead to position closures and price declines.

        

      Overbought Conditions: Bitcoin currently shows overbought conditions with an RSI (Relative Strength Index) of 74.83. This suggests that a pullback could occur towards support levels such as $81,215 or $74,340.

        

      Market Sentiment and Speculation: Bitcoin's relentless bull run, breaking new all-time highs, has contributed to the positive market sentiment and speculation regarding its potential to reach $90,000 or even $100,000. However, it's important to consider that market rallies may experience corrections or temporary reversals.

        

      Institutional Adoption and Presidential Stance: Growing institutional interest in Bitcoin, along with expectations of the U.S. government loosening sector regulations, contributes to a positive outlook for the cryptocurrency. Additionally, President-elect Donald Trump's pro-crypto stance during the 2024 election campaign could further support Bitcoin's growth.

        

      Crypto Market Capital Flow: The movement of capital within the cryptocurrency market, including spot Bitcoin ETFs with a market capitalization exceeding $80 billion, can influence Bitcoin's price. The market cap growth of companies like Coinbase, which has donated to crypto-focused political action committees, also reflects the increasing adoption and acceptance of cryptocurrencies.

        

      It's important to note that while bullish sentiment and positive factors are driving Bitcoin's rally, there is always the possibility of price corrections and increased volatility. Investors should carefully evaluate their risk tolerance and investment strategies.

      Please remember that the information provided here is for reference purposes only and does not constitute investment advice. Investing in cryptocurrencies involves risks, and it's recommended to conduct thorough research and consult with a financial advisor before making investment decisions.

      2024-11-13
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  • nomadic_m
    ·2024-11-13
    The current market sentiment has reached EXTREME GREED levels, indicating excessive optimism. Key indicators include: Crypto Fear & Greed Index, elevated Bitcoin Futures Premium, high trading volume, and overwhelmingly bullish social media sentiment. This combination suggests a correction is already here. To mitigate risk, consider taking partial profits and rebalancing your portfolio. Overbought conditions, elevated futures premium, and high trading volume support this decision.

    To re-enter the market, wait for a pullback to support levels (e.g., 50-day MA) and monitor for a shift towards Fear or Neutral sentiment. Maintain a diversified portfolio, set stop-losses, and stay informed to adapt to changing market conditions. Remember, extreme greed often precedes a correction. Secure profits now and prepare to buy again later at more favorable levels. Stay vigilant, stay profitable.

    $Coinbase Global, Inc.(COIN)$
    $MicroStrategy(MSTR)$
    $CleanSpark, Inc.(CLSK)$

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  • Alex Puffin On Two Vapes
    ·2024-11-11
    @koolgal @Optionspuppy @Alex Puffin On Two Smokes @Barcode @BetBigg $Axon Enterprise, Inc.(AXON)$
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  • dannyy678
    ·2024-11-12

    wow

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  • KSR
    ·2024-11-12
    👍
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