Bitcoin Tops $83,000 as $195 Million in Crypto Shorts Are Liquidated

Bitcoin (BTC) traded above $83,000 after touching $81,322 on Oct. 20, while about $195 million in short positions were liquidated across crypto derivatives over 24 hours. Bitcoin stood at $83,004, up 1.51% over 24 hours. Ether (ETH) traded at $2,455, a 2.39% gain over the same period. Bitcoin reached an intraday high of $83,439, while Ether touched $2,478. Crypto derivatives liquidations totaled about $279 million over 24 hours. Short positions accounted for nearly 70% of the total, compared with about $84.4 million in long positions. Ether contracts accounted for about $92.9 million in liquidations. The Crypto Fear and Greed Index rose eight points to 63 at 8 p.m. ET Oct. 20 (00:00 UTC Oct. 21).

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