Reported by CoinDesk · coindesk.com · August 25, 2026
Traders are spending millions to position for further Bitcoin upside after its staggering rally to $80,000, though demand for downside protection remains firm, according to Laevitas.
What to watch: This report cites a concrete figure ($2.9 million) — compare it against the trailing trend before treating one data point as a turning point.
Market reaction today: $BTC-USD +0.16%
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