W

Bearish crypto bets lose record $2.7 billion as bitcoin surges toward $70,000

Business Management
Share
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.

Bearish crypto bets lose record $2.7 billion as bitcoin surges toward $70,000

Source：CoinDesk

Disclaimer：Please read market information rationally and stay aware of investment risks. All content on this site is for informational purposes only and does not constitute investment advice.

Related Reading

Google Cloud outlines MPC service for institutional Bitcoin custody

Google Cloud has detailed its preview MPC service for institutional Bitcoin custody as it holds a New York symposium focused on digital asset security.…

Cybersecurity’s Black October: How to protect yourself

Each day brings news of another AIpowered attack, or a newly discovered vulnerability. Here’s what’s happening and how ordinary people can protect themselves…

DTCC unit launches tokenization services

The posttrade market infrastructure provider said the tokenization services will create a “practical path” for tokenized securities adoption.…

Wall Street backbone DTCC brings $30 trillion securities closer to blockchain with major banks

DTCC's tokenization service went live on Canton Network and private chain Besu, with JPMorgan, Citi and Morgan Stanley among 20 firms signed up. Source：CoinDesk

Source：https://www.coindesk.com/markets/2026/08/20/bearish-crypto-bets-lose-record-usd2-7-billion-as-bitcoin-surges-toward-usd70-000