Bitcoin Reclaims $81,000 as Shorts Liquidated for Over $415 Million

Bitcoin rallied to $81,000 on Thursday, pushing its market capitalization past $1.62 trillion and delivering a near‑5% gain over the previous 24 hours.

Price Action and Market Capitalization

The cryptocurrency rose from a Wednesday range of $77,000‑$77,500 to break $78,000, then accelerated past $80,800 by 10:52 a.m. EST. By 11:05 a.m. EST the price reached $81,000, marking the first time in September that Bitcoin’s market cap exceeded $1.62 trillion.

Derivatives Liquidations

During the four‑hour surge, short positions were liquidated for more than $164 million, while long positions saw $7.3 million in liquidations. Total crypto‑market liquidations hit $510 million, with short‑position losses exceeding $415 million.

Geopolitical Context

The rebound coincided with a pause in hostilities between the United States and Iran, easing some of the market pressure that had previously driven oil prices higher and equities lower.

Analyst Outlook

Some analysts warn that Bitcoin could encounter a “bull trap” if it fails to break the $83,000 resistance level, which aligns with a key supply zone for long‑term holders. They caution that without sustained institutional buying, the rally may transition into a distribution phase, exposing retail traders to exit‑liquidity risk.

Key Takeaways

• Bitcoin reclaimed $81,000, a 5% 24‑hour gain.
• Market cap rose above $1.62 trillion.
• Short positions across crypto derivatives were liquidated for over $415 million.
• Analysts note a potential resistance barrier at $83,000.