Bitcoin Surges to Record High, Liquidating Short Positions

比特幣飆升至歷史新高，清算空頭部位

Bitcoin traders who anticipated a price decline after the election have lost $180 million as the cryptocurrency soared above its previous all-time high, briefly reaching $75,000.

隨著加密貨幣飆升至先前的歷史高點，一度達到 75,000 美元，預計大選後價格會下跌的比特幣交易員已經損失了 1.8 億美元。

"The spot market is surging, and short sellers are getting hit hard," said Pav Hundal, lead analyst at Swftyx. "Traders are betting on a crypto resurgence, and our order books are dominated by buyers."

Swftyx 首席分析師 Pav Hundal 表示：“現貨市場正在飆升，賣空者受到了沉重打擊。” “交易員押注於加密貨幣的復甦，而我們的訂單簿主要由買家主導。”

Bitcoin Short Positions Liquidated

比特幣空頭部位清算

On November 6th, Bitcoin (BTC) set a new high of $75,000.85 on Coinbase, surpassing its previous peak of $73,679 from March 13th. CoinGlass data shows that $179.12 million in Bitcoin short positions were liquidated in the subsequent four hours.

11 月 6 日，比特幣 (BTC) 在 Coinbase 上創下 75,000.85 美元的新高，超過了 3 月 13 日創下的 73,679 美元的峰值。 CoinGlass數據顯示，在接下來的四個小時內，價值1.7912億美元的比特幣空頭部位被清算。

A total of $197.73 million in short and long positions were liquidated during the four-hour period after Bitcoin crossed $70,000. Source: CoinGlass

比特幣突破 7 萬美元後的四個小時內，總共有 1.9773 億美元的空頭和多頭頭寸被清算。來源：CoinGlass

In the last 24 hours, total crypto market liquidations reached $483.16 million, with $358.19 million attributed to short bets. Bitcoin short sellers suffered the largest losses, with $251 million liquidated, followed by Dogecoin (DOGE) short sellers with $47 million.

在過去 24 小時內，加密貨幣市場清算總額達到 4.8316 億美元，其中 3.5819 億美元歸因於空頭押注。比特幣賣空者遭受的損失最大，清算額為 2.51 億美元，其次是狗狗幣 (DOGE) 賣空者，損失 4,700 萬美元。

Spot Buying Drives Price

現貨購買推動價格

Hundal believes that Bitcoin's price may experience a correction once the US trading day begins, regardless of the election outcome. However, he emphasizes that the surge is driven by spot buying, which he views as a positive sign.

Hundal 認為，無論選舉結果如何，一旦美國交易日開始，比特幣的價格可能會經歷調整。不過，他強調，價格飆升是由現貨購買推動的，他認為這是一個正面的訊號。

"Spot buying creates lasting demand and price growth for Bitcoin because it involves actually holding coins," he said. "It's not a derivative-fueled pump."

「現貨購買為比特幣創造了持久的需求和價格增長，因為它涉及實際持有比特幣，」他說。 “這不是衍生燃料泵。”

Election-Driven Volatility May Have Peaked

選舉驅動的波動可能已達到高峰

Options traders, according to Derive founder Nick Forster, are beginning to believe that election-driven volatility may have reached its peak. "We expect short-term volatility to remain above normal, pricing in potential daily fluctuations of 4-5% as election results are announced," Forster said.

Derive 創辦人 Nick Forster 表示，選擇權交易員開始相信，選舉驅動的波動可能已經達到頂峰。福斯特表示：“我們預計短期波動性將繼續高於正常水平，隨著選舉結果的公佈，每日潛在波動幅度將達到 4-5%。”

Bitcoin Price Targets

比特幣價格目標

Meanwhile, ZX Squared Capital co-founder CK Zheng predicts that a Donald Trump victory could further boost Bitcoin's price as investors expect a favorable regulatory environment under his administration. 10x Research head of research Markus Thielen suggests that Bitcoin may reach $100,000 by Q1 2025.

同時，ZX Squared Capital 聯合創始人 CK Cheng 預測，唐納德·川普的勝利可能會進一步推高比特幣的價格，因為投資者預計他的政府將創造有利的監管環境。 10x Research 研究主管 Markus Thielen 表示，到 2025 年第一季，比特幣可能達到 10 萬美元。

Derive's Forster notes that "options market data still indicates a 15% chance that Bitcoin could surpass $100,000 by year-end."

Derive 的 Forster 指出，“期權市場數據仍然表明，比特幣到年底有 15% 的可能性突破 10 萬美元。”

This article does not provide investment advice or recommendations. All investing involves risk, and readers should conduct their own research before making any decisions.

本文不提供投資建議或建議。所有投資都涉及風險，讀者在做出任何決定之前應該進行自己的研究。