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

coindesk.com · Aug 20, 2026 at 04:29

Bearish crypto bets lose record $2.7 billion as bitcoin surges toward $70,000
coindesk.com Aug 20, 2026
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.

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