Downward bets placed on cryptocurrencies incurred a record loss of $2.7 billion as bitcoin surged toward $70,000

Traders betting against crypto lost $2.74 billion in just one day, surpassing the figure for the short-sellers’ side during the October 2025 crash, the largest liquidation event in market history.

Source: CoinDesk
🌍 Updated by GemCrypto

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