{"id":136098,"date":"2026-08-25T05:05:23","date_gmt":"2026-08-25T05:05:23","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=136098"},"modified":"2026-08-25T05:05:23","modified_gmt":"2026-08-25T05:05:23","slug":"bitcoin-smashes-80k-as-260m-in-shorts-get-wiped-out-here-are-the-next-targets","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=136098","title":{"rendered":"Bitcoin Smashes $80K as $260M in Shorts Get Wiped Out: Here Are the Next Targets"},"content":{"rendered":"
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Bitcoin\u2019s price revival that began last Wednesday culminated, at least for now, a few hours ago when the asset soared past $80,000 for the first time since mid-May and tapped a multi-month peak above $81,000.<\/p>\n

Analysts were quick to pick up the move and outline<\/a> the next short-term targets of up to $88,000. BTC\u2019s surge also led to an increase in liquidated short positions as the total value exceeded $260 million in the past 4 hours.<\/p>\n

On a daily scale, the liquidations are up to $650 million, with the lion\u2019s share coming from shorts again. Bitcoin is responsible for half of that amount, according to data from CoinGlass.<\/p>\n

\"Liquidation<\/a>
Liquidation Data on CoinGlass<\/figcaption><\/figure>\n

Thus, the primary cryptocurrency gained over $16,000 from its starting point of under $65,000 last Wednesday to just over $81,000 earlier today.<\/p>\n

Some of the reasons behind this major resurgence include the US Treasury Department\u2019s announcement from last week, the Crypto Summit in the White House, renewed<\/a> ETF appetite, and Jim Cramer. Oh, wait, the last one might be a joke<\/a>.<\/p>\n

Some altcoins have followed BTC on the way up today, including ETH, which has neared $2,500 once again. Although the asset has soared by 32% in the past week, the $2,500 barrier appears too strong at the moment. XRP, on the other hand, fights for the $1.50 resistance.<\/p>\n

SOL has surged the most from the larger-cap alts today, pumping by over 7.5%. It now trades above $100 for the first time in months as well.<\/p>\n

The post Bitcoin Smashes $80K as $260M in Shorts Get Wiped Out: Here Are the Next Targets<\/a> appeared first on CryptoPotato<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Bitcoin\u2019s price revival that began last Wednesday culminated, at least for now, a few hours ago when the asset soared past $80,000 for the first time since mid-May and tapped a multi-month peak above $81,000. Analysts were quick to pick up the move and outline the next short-term targets of up to $88,000. BTC\u2019s surge […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-136098","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/136098","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=136098"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/136098\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=136098"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=136098"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=136098"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}