Bitcoin reclaims $80K as shorts get squeezed
Crypto rallied after the midterms, with BTC back above $80K and about $269M of shorts liquidated in an hour. Traders are mostly bullish, with a few calling it a bull trap.
What we know
Wu Blockchain reports BTC near $80,510 with large short liquidations, and CoinDesk shows ETH +6.79% and BTC +4.42% over 24 hours. An account on X says BTC is retesting August breakout levels. Kaleo calls $100K a magnet, while Bob Loukas warns of an intermediate decline and haku calls it a bull trap. Hyperliquid HIP-3 open interest hit a new ATH of $4.65B.
Sources
@CoinbaseMarkets
“JUST IN: Bitcoin reclaims $80,000”
View post →@CoinDesk
“ETH up 6.79%, BTC gaining 4.42%”
View post →By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.