Bearish crypto bets lose record $2.7 billion as bitcoin surges toward $70,000
Traders betting against crypto lost $2.74 billion in a day, more than the short side of the October 2025 crash that remains the biggest liquidation event in the market's history.
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Why this matters
Bitcoin is a tracked market entity in the DigitalMoneyBox archive, making this useful context for readers monitoring repeated mentions and follow-up coverage.
Original source
Read on CoinDeskRelated market context
Bitcoin ETFs Lose $411.9M on Friday as BlackRock Drives the Selling
TL;DR: US spot Bitcoin ETFs recorded a net $411.9 million outflow on November 6, according to Farside Investors. BlackRock’s IBIT...
Onchain data casts doubt on insider-trading theory in NYT’s ‘suspicious’ election betting story
The New York Times reported on 'suspicious' bets, but two experts who reviewed The Block's findings said the evidence doesn't stro...
US Adds 165,000 Jobs in October: Why Bitcoin Traders Are Watching the Fed
TL;DR: The US economy added 165,000 payroll jobs in October while unemployment stood at 4.1%, according to the Bureau of Labor Sta...
Best Crypto Currencies To Buy Now: Small Invests in PeptideSwap Token, Could Yield Gold
Finding the ultimate low cost asset is every trader’s dream right now. It’s the best crypto to invest $10. And perhaps that fantas...
Bitcoin Packs 11,255 Transactions Into a Single Block, Nears Record
Bitcoin’s blockchain came within striking distance of an 11-year-old transaction record on Saturday, Nov. 7, 2026, when a single b...
Bitcoin vs. Gold: Peter Schiff Highlights Strategy’s $75.5K Cost Basis and Missed 30% Return Target
The gold advocate used the development to question Michael Saylor’s six-year Bitcoin investment strategy, arguing that gold delive...