Bitcoin opens week soaring past $70,000 igniting $115 million in market liquidations

Bitcoin opens week soaring past $70,000 igniting $115 million in market liquidations
фото показано с : cryptoslate.com

2024-4-8 10:58

Quick Take

Bitcoin has surged past $70,000, reaching a peak of $70,800, with a notable 7% increase in the last five days. Coinglass data reveals over $115 million in liquidations in the digital asset market within the last 24 hours, primarily from short liquidations. In the past hour alone, the digital asset market has seen $20 million of shorts liquidated.

Total Liquidations: (Source: Coinglass)

This surge coincides with a period of strength in European markets, identified by Cryptoslate as the most bullish region for Bitcoin in 2024 thus far. Intriguingly, Bitcoin’s rally seems to be trailing behind gold, which has been achieving new all-time highs and is presently valued at $2,338 per ounce. The surge in Bitcoin is fueled by a combination of short squeezes and geopolitical factors.

BTCUSD vs Gold: (Source: TradingView

The post Bitcoin opens week soaring past $70,000 igniting $115 million in market liquidations appeared first on CryptoSlate.

origin »

Bitcoin price in Telegram @btc_price_every_hour

Bitcoin (BTC) на Currencies.ru

$ 63996.98 (+0.39%)
Объем 24H $22.269b
Изменеия 24h: -0.32 %, 7d: -0.18 %
Cегодня L: $63493.71 - H: $64001.13
Капитализация $1284.361b Rank 1
Цена в час новости $ 71819.78 (-10.89%)

liquidations past market million 115 bitcoin data

liquidations past → Результатов: 126


Фото:

BitMEX Open Interest Collapses Following $25m Bitcoin Liquidation Spree; What This Means

Bitcoin’s recent volatility has led open interest on trading platforms like BitMEX to plummet This has come about amidst a bout of choppy price action, which has led to a massive amount of position liquidations amongst margin traders It is possible that these liquidations are causing more and more traders to move to the sidelines This could lessen BTC’s day-to-day volatility and help it push past $10,000 Bitcoin has seen some volatility in recent times, […]

2020-6-9 02:00


Bitcoin Rejected Harshly on Red Supply Zone for the 3rd Time, But Focus Still on the Upside

Bitcoin opened the month on a bullish note, surging past $10,000, and then the day after, the price of BTC crashed to $9,150 on some exchanges, $9,300 on others and $8,600 on BitMEX. Bitcoin’s $10k breakout was leverage driven, “OI increased even as liquidations exploded while predicted funding and futures' basis turned extreme” and “then […]

2020-6-3 15:20


Фото:

These Warning Signs Flashed Prior to Bitcoin’s Capitulatory Decline to $9,000

Bitcoin’s explosive rally past $10,000 yesterday afternoon liquidated tens of millions in short positions The decline from this level seen this morning also led to mass liquidations amongst traders It is imperative to note that virtually all previous breaks above this level have been met with heavy selling pressure that results in capitulatory downtrends One factor that could spell trouble for Bitcoin is the fact that funding rocketed following the recent rally Bitcoin saw a […]

2020-6-3 02:00


Ethereum Could See a Cascade of Liquidations as Long Positions Rocket

Ethereum has some immense weakness in recent times, severely underperforming Bitcoin and the aggregated crypto market as it continues struggling to garner any upwards momentum. Traders don’t seem to think that this lackluster price action will last for too much longer, however, as open interest for ETH has been rocketing higher throughout the past 12-hours....

2020-5-14 00:00