Bitcoin Price Hits $83K as Shorts Suffer $45M in Wipeouts
Bitcoin briefly surged past $83,000 on Oct. 20, hitting a daily peak of $83,335 and pushing its market capitalization near $1.67 trillion despite volatile intraday swings between $81,200 and $82,000. Volatile Intraday Bitcoin Swings In a repeat of the price action seen Monday, bitcoin briefly surged past the $83,000 mark on Oct. 20 as […]
Bitcoin briefly broke above $83,000 on Oct. 20, peaking at $83,335 and lifting its market cap to roughly $1.67 trillion after choppy intraday trading between $81,200 and $82,000. The move triggered about $45 million in short liquidations, forcing bearish traders to cover positions. Traders care because the squeeze signals near-term momentum and could fuel further upside if shorts keep getting flushed, though the volatile range shows conviction remains fragile.
