Bitcoin price quote for $ 87,000 sends short traders sending liquidation losses 110 million dollars
Towards $ 87,000, Bitcoin price increase fired a wave. Short liquidationsForcing the fall traders to close their positions with a loss. In the last 24 hours, the total market liquidation has passed $ 200,000, and the majority of this loss came from short positions.
Bitcoin price increase trigger big short liquidations
Accordingly Liquidation Heatmaps Bitcoin alone $ 77.33 million from Coings, and $ 67.04 million Short positions. This is a large number short traders The BTC is expected to fall, but it was forced to leave as prices moved against them and hit the $ 87,000.
Mixed show In the last 24 hours, total crypto market liquidations, exceeding $ 200 million, saw a $ 143 million loss from short positions. Exchange data also BYBITA well -known crypto exchange, with BTC short liquidations of $ 32.65 million, then Building 16.45 million dollars, gate.io and other stock markets.
Especially, this Large -scale liquidation activity Since short traders are pushed to buy with a loss, it points to a classic short stuck in which long positions are preferred, and this is a stronger. Fluctuation in BTC price. If Bitcoin maintains its momentum and exceeds the price point of $ 87,000, more liquidations can accelerate the upward movement and push it to new peaks.
Currently, Bitcoin’s price is traded at $ 87.415 and is closely recovering the previous rise momentum. . Crypto currency jumped 3.65% in the last 24 hours, compatible with the increase in liquidation between short traders.
Only this month, Bitcoin was traded below $ 85,000, which is caused by wider market volatility and widespread liquidations. On the contrary Price collapseAccording to CoinMarketcap, the transaction volume of the crypto currency remained relatively high and increased by 124%.
While the BTC finally recovered the $ 87,000 brand, analysts are optimistic about their future appearance. X (formerly twitter) analyst Crypto VIP Signal clarified The next local resistance for Bitcoin is between 87,000 and 87,400 dollars. If the pioneering crypto currency can overcome this range, the analyst envisages an increase in $ 89,000 – $ 90,000 and then to another rally between $ 92,000 – $ 93,000.
BTC exceeds $ 87,000, while whales continue to get crazy
Bitcoin exceeds $ 87,000, Whales are accumulating Despite a potential decline concerns, large amounts of BTC. In particular, a parody of Michael Saylor, the founder of Microstrategy emphasized A recent increase in Bitcoin whale activity.
Whales according to reports Buying Bitcoin during price decreasesProbably with the expectation of future price increases. A graph from Cryptoquant was shared, watched Bitcoin’s liquidity inventory and request from the accumulator addresses.
The regions in the graph show the periods in which whale demand increases significantly and is compatible with price increases. Last Increase in whale activity Since the price tries to get rid of previous price decreases and market volatility, it proposes a renewed interest to BTC.
The prominent picture from Istock, graphics from tradingView.com
Editorial process Bitcoinist has been thoroughly investigated and focused on providing accurate and impartial content. We maintain solid welding standards and each page is subject to an diligent examination by our best technology experts and experienced editors team. This process provides the integrity, relevance and value of our content for our readers.
