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
Zcash Crypto Surges 15% as CLARITY Act Fails, Privacy Concerns Drive Demand
Zcash crypto trades at $1,330, up 15% over the past 24 hours, cementing its status as the session’s standout privacy asset. That k...
Ethereum Price Prediction: Binance Inflows Hit June Record High
Ethereum price is trading at $2,435, up 1.5% on the day, as a fresh wave of exchange deposits raises questions and a bearish predi...
XRP Price Holds Above $1.29 as Futures Leverage Resets
XRP price trades near $1.30, going up by as little as 1%, even as open interest across its derivatives market has fallen from $1.1...
JPMorgan says Bitcoin has more upside than gold, and short sellers are the reason
Bitcoin's potential surge, driven by ETF dynamics and short interest, could reshape investment strategies and challenge traditiona...
After Congress killed its landmark crypto bill, the SEC unlocked the $77 trillion US stock market through tokenization
The US Securities and Exchange Commission (SEC) has opened a five-year pathway for regulated US stocks to trade on blockchain-nati...
Stellar activates Protocol 28 as network hits record throughput and RWA value climbs
Stellar activated Protocol 28 as the blockchain hit a new sustained throughput record, adding tools designed for larger smart-cont...