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
Australia moves to close crypto derivatives loophole after retail traders lose A$458 million
Australia's markets regulator proposed extending retail leverage restrictions to crypto-settled derivatives amid mounting losses a...
Hyperliquid (HYPE) Price Today: HYPE Holds $80 Support Despite Mounting Bearish Pressure
CoinGecko data puts Hyperliquid’s market capitalization at approximately $18.04 billion and its daily trading volume near $918 mil...
USDC traded $40.2 billion on DEXs during Q3 weekends while banks were closed
USDC's weekend DEX trading highlights the growing shift towards decentralized finance, challenging traditional banking's operation...
Bitcoin defies $800 million crypto wipeout as South Korea’s AI stock market crashes
Bitcoin rebounded above $83,000 on Tuesday despite a sharp Asian stock selloff, as cryptocurrency liquidations exceeded $800 milli...
USDC records $81.2 billion in DEX trading volume over 30 days
USDC's significant DEX trading volume highlights its pivotal role in decentralized finance, underscoring the growing reliance on s...
A $5 billion Bitcoin fortune is at stake, but UK court says being defrauded isn’t enough to claim it
A London judge rejected Chinese fraud victims' bid to use English law to claim more than 61,000 seized Bitcoin. In an Oct. 12 ruli...