【Late-Night Review | $BTC surges past $80,000 in a fierce breakout, liquidating over $900 million in shorts overnight】
After the midterm elections wrapped up, Bitcoin staged a sharp short squeeze. According to Binance market data, $BTC is currently around $80,510, up more than 4.2% in 24 hours. CoinGlass data shows that over $460 million in positions were liquidated across the market in the past hour, including about $377 million in shorts. Total liquidations over the past 24 hours reached $915 million, with more than 117,000 traders liquidated—a classic short-squeeze cascade.
Three positive catalysts converged:
① The midterm elections are behind us, easing macro uncertainty and prompting a wave of short covering;
② The SEC classified $CC (Canton Coin) as a digital commodity rather than a security, sending a positive signal on regulation;
③ Circle's Q3 revenue of $865 million beat expectations, with average USDC circulation reaching $73.3 billion. Binance will also make a $100 million strategic investment in Circle, lifting the stablecoin sector.
However, keep in mind that U.S. spot Bitcoin ETFs saw net outflows of over $1 billion during the two trading days before the election, and institutional sentiment remains mixed. The rebound is sharp, but be cautious about chasing prices higher. First, watch whether Bitcoin can hold above the $80,000 level.
NFA | DYOR
#比特币 #BTC #加密货币 #币安广场 #Web3
After the midterm elections wrapped up, Bitcoin staged a sharp short squeeze. According to Binance market data, $BTC is currently around $80,510, up more than 4.2% in 24 hours. CoinGlass data shows that over $460 million in positions were liquidated across the market in the past hour, including about $377 million in shorts. Total liquidations over the past 24 hours reached $915 million, with more than 117,000 traders liquidated—a classic short-squeeze cascade.
Three positive catalysts converged:
① The midterm elections are behind us, easing macro uncertainty and prompting a wave of short covering;
② The SEC classified $CC (Canton Coin) as a digital commodity rather than a security, sending a positive signal on regulation;
③ Circle's Q3 revenue of $865 million beat expectations, with average USDC circulation reaching $73.3 billion. Binance will also make a $100 million strategic investment in Circle, lifting the stablecoin sector.
However, keep in mind that U.S. spot Bitcoin ETFs saw net outflows of over $1 billion during the two trading days before the election, and institutional sentiment remains mixed. The rebound is sharp, but be cautious about chasing prices higher. First, watch whether Bitcoin can hold above the $80,000 level.
NFA | DYOR
#比特币 #BTC #加密货币 #币安广场 #Web3