Bitcoin Price Bid For $87,000 Sends Short Traders Running As Liquidation Losses Cross $110 Million

Bitcoin increased about 87,000 dollars from a wave of Short pantsForced the landing merchants to close their sites at a confusion. In the past 24 hours, the total market liquidation exceeded $ 200,000, with the majority of this loss from short positions.

The high bitcoin prices lead to huge short qualifications

according to Filter heat maps From Coinglass, Bitcoin alone formed $ 77.33 million from references, with $ 67.04 million from the next of Short situations. This indicates that a large number of Short merchants BTC is expected to decrease, but it was forced to go out as prices move against them and hit a brand of $ 87,000.

Coinglass He appears During the past 24 hours, the total encryption market qualifiers, which exceeded 200 million dollars, witnessed a loss of $ 143 million in short jobs. Exchange data also reveals this PipeFamous encryption, led by $ 32.65 million in a short BTC qualifier, followed Binance With $ 16.45 million, gate.io and other stock exchanges.

It is worth noting, this Wide -ranging event It indicates a classic short pressure, where long situations are preferred as short traders are pushed to purchase at a confusion, which leads to stronger Increase in the price of BTC. If Bitcoin continues its momentum and outperforms the price of $ 87,000, the additional references can accelerate its upward movement and push it to new levels.

Currently, the Bitcoin price is traded at $ 87,415, as it has closely regained its previous upscale momentum. the The encrypted currency has risen By 3.65 % in the past 24 hours, in line with the increase in the liquidation between short merchants.

Only last month, Bitcoin was trading less than $ 85,000, with this decrease driven by widespread fluctuations and references. Although Price collapseThe size of the cryptocurrency trading remained relatively high, increasing by 124 %, according to Coinmarketca.

With BTC finally recovering a brand $ 87,000, analysts are optimistic about their future expectations. Crypto VIP signal, an analyst on X (previously Twitter), open The following local resistance for Bitcoin ranges between 87,000 dollars and 87,400 dollars. If the leading cryptocurrency exceeds this range, the analyst predicts an increase of 89,000 dollars – 90,000 dollars, then another rare ranging between 92,000 – 93,000 dollars.

Whales continue to purchase a boom, as BTC exceeds $ 87,000

While bitcoin exceeds $ 87,000, Whales accumulate Large amounts of BTC despite the increasing concerns of the potential decrease. It is worth noting that a sarcasm for X for Michael Silor, the founder of Microstrategy, High A modern increase in bitcoin whale activity.

According to reports, whales Buy bitcoin during low pricesMaybe they will be in charge of increasing prices in the future. A chart of Cryptoquant has been shared, tracked liquidity stocks in Bitcoin and demanded from accumulated addresses.

The limited areas of the plan appear periods when the demand for the whale has increased significantly, as they are in line with the high prices. Latter An increase in whale activity It refers to the renewed interest in BTC, as it tries to recover from the previous low prices and market fluctuations.

Distinctive image from Istock, Chart from TradingView.com

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