Bitcoin’s Wild Ride: Bulls Charge Toward All-Time High as $27M in Bearish Bets Vanish

Bitcoin just did what it does best: it skyrocketed! 🤑 Reaching an intraday peak of $105,680, it added a cool 2.5% against the U.S. dollar like a digital ballerina spinning on a crypto disco ball. At the time of writing, it’s chilling just under $105,385, taking a minor dip of 3.87% from its all-time high of $109,356—set way back in January 2025. But hey, no one’s complaining. Traders are still doing their victory lap, tossing around $19 billion in BTC like confetti, with Binance leading the charge as the life of the crypto party. 💃

And then there was the spectacular vanishing act of $27 million in bearish BTC short bets in just four hours—Poof! Gone. Gone like that one friend who always says they’ll leave but then disappears for three hours after ‘just one more drink.’ It’s like the market’s version of a magic trick. 🪄✨

But the most epic scene of the day? A single Binance position worth $3.37 million was liquidated faster than you can say “I told you to HODL.” Talk about a dramatic exit. It was like someone pulling the fire alarm at a rave—no one knew what hit them. 💥

Read More

2025-05-18 19:27