🚀 Bitcoin is back above $80,000 — and shorts got REKT.
Bitcoin slid to about $75,600 on election night while midterm results came in, then climbed past $81,000 on Wednesday.
That's a 7.3% climb from low to high in hours.
Numbers:
- Low: $75,600 (Tue 10pm ET)
- High: $81,130 (Wed 10am ET)
- Now: ~$80,500, up 3.8% in 24h
- ETH: Up 6.3% to ~$2,437
What Happened?
Democrats swept Congress, flipping both chambers on Tuesday. Market first dipped on uncertainty — then crypto shrugged it off and ripped up.
The rally squeezed traders betting against crypto — short sellers made up most of the liquidations.
Hundreds of millions in bets against crypto got forced out.
Why It Matters:
Democrats will take over the committees that oversee crypto in January — shifting the industry's policy outlook.
But as Franklin Crypto Head Christopher Perkins said: "Post midterm cycles have been very, very constructive for all markets."
History says: After midterms, markets pump.
Did you buy the $75k dip or panic sell?
🟢 = Bought the dip
🔴 = Panic sold
🔵 = Missed it, waiting for retest
#CryptoLiquidationsReach$1.16BIn24Hours
#bitcoin #BTC #Midterms #CryptoNews
