BTC price returns to $50K as Bitcoin bears lose $450M in daily liquidations
September turns out to be anything but boring for Bitcoin as shorts lose big on a fresh move above the $50,000 mark. Bitcoin (BTC) swiftly reclaimed $50,000 on Sep. 2 as bears felt maximum pain and lost hundreds of millions of dollars.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBitcoin sparks a fresh bear bloodbathData from Cointelegraph Markets Pro and TradingView showed BTC/USD suddenly breaking through the $50,000 mark to hit its highest since Aug. 23.After a night of bullish action, the pair left its lower trading range of recent weeks behind, with volatility still....
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Data shows the crypto derivatives market has suffered another large blow in the past day as the retrace in Bitcoin and others has squeezed longs. Crypto Sector Has Just Seen $700 Million In Liquidations On Friday, Bitcoin and other digital assets were shook by a sharp crash, resulting in a record amount of liquidations in […]
Bitcoin price may have broken above $20,000 but the 40% decrease in volume shows bears are watching BTC closely. Today Bitcoin (BTC) price blasted through the $20,000 level and in the process, a record $7.9 billion in futures open interest was set. Although the price increased by 74% over the past two months, the total accumulated short-seller liquidations amounted to $4.3 billion, which is lower than the $4.8 billion from longs.BTC futures aggregate open interest. Source: Bybt.comAs shown in the chart above, the futures aggregate open interest increased by 90% over the past two months.....
Bitcoin had broken above $40,000 again last week, marking the digital asset’s fifth break above this point this year alone. Given that it has been trending in its $36-$38k support level before this, traders had taken to placing their trades in anticipation of the cryptocurrency’s next movements. The digital asset had barreled towards $42,000 leaving positive sentiment in its wake but resistance at this point proved devastating for long traders. Bitcoin Long Traders Suffer Losses A recent pullback in the price of bitcoin saw a significant amount of long liquidations rock the market. Bitcoin....
Data shows the cryptocurrency derivatives market has registered significant liquidations after the Bitcoin rally above the $63,000 mark. Bitcoin Rally Has Resulted In Short Liquidations On Derivatives Market According to data from CoinGlass, the latest volatility in the cryptocurrency market has led to large liquidations on the derivatives side. “Liquidation” here naturally refers to the process that any open contract undergoes where its platform forcibly closes it off after it has amassed losses of a certain degree. Related Reading: Bitcoin Recovery Stalls As HODLers Apply....
With bitcoin’s decline below $20,000, the crypto market liquidations have ramped up once more. The market which had been regaining some semblance of normality has now lost its hold. As bears continue to drag down prices across the space, traders are being liquidated left, right, and center. Although the liquidations have not been record-breaking in […]