Bitcoin Surpasses $80,000 as $248 Million Short Positions Liquidated

Bitcoin (BTC) surpassed $80,000 on November 10, 2024, with virtual asset markets seeing approximately $180 million (about 24.86 billion won) in short positions liquidated. Cryptopotato reported that this price movement was unexpected given recent macroeconomic conditions and industry developments. CoinGlass data showed the market-wide short position liquidation reached roughly $180 million as Bitcoin broke through the $80,000 threshold.