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Bearish crypto bets lose record $2.7 billion as bitcoin surges toward $70,000
Bearish bets in cryptocurrency have lost a record $2.7 billion as bitcoin surged toward $70,000. The significant movement indicates strong buying interest and market reversal for Bitcoin.
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Adjacent reporting
- Bitcoin clings to $62,500 as bears tighten grip on crypto market
- Bitcoin traders load up on bearish bets all the way down to $52,000
- Bitcoin accumulation trends weaken as realized losses jump to $600M
- CryptoQuant says bitcoin mirrors 2022 bear market pattern as sentiment turns ‘extremely bearish’
- Bitcoin pulls back to $64,000 after hitting monthly high as bears take control
- CryptoQuant says bitcoin profit-taking could increase further amid ‘bear market rally’