Bitcoin Hits $80,000 as Liquidations Exceed $415 Million
The rally triggered more than $415 million in crypto liquidations, including $330 million from short positions.
Bitcoin pushed through $80,000, and the derivatives market paid for it. The rally triggered more than $415 million in crypto liquidations.Short sellers absorbed most of the damage, with $330 million of that total coming from short positions. Traders who bet against the climb found out the hard way…