Grok’s Bitcoin Price Prediction Amidst $183M Short Liquidations: What to Expe...
Quick Facts: 1️⃣ Over $180M in short positions were liquidated as Bitcoin’s breakout above $112K-$115K triggered a powerful short squeeze. 2️⃣ Grok’s Bitcoin price prediction points to a long-term target of around $500K if the token closes strongly above $125K. 3️⃣ Bitcoin Hyper ($HYPER) emerges as the best altcoin to buy now, as investors look […]
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Bitcoin liquidations had ramped up on Monday as the price of the digital asset had gone up drastically. These traders had been liquidated very fast with millions of dollars gone in a matter of minutes. However, it did not end there, given that the price of the cryptocurrency has not slowed down since then. And as the price of bitcoin has continued to grow, the liquidations have not slowed down either. Bitcoin Liquidations On The Rise Although the current liquidations are not as high as that recorded on Monday, they are still significant nonetheless. These liquidations had touched as high....
Liquidations have rocked the space as the price of Bitcoin has fluctuated between red and green in the last week. Since the price had been crashing for the major parts of last week, the liquidations have been heavily skewed towards long traders. This trend has now changed as short traders’ liquidations have ramped up in the past week owing to recovery above $20,000. Short Liquidations Ramp Up Coming out of the weekend, the price of bitcoin has been doing much better than it was during the weekdays. This has now turned the tide of liquidations towards the short traders. These sorts of....
The weekend brought some exciting news for the crypto community as Bitcoin made a new all-time high of $125,686 on October 5 (Sunday), marking the first time the token has ever crossed $125K. However, to everyone’s disappointment, $BTC was unable to close above its previous high of $124,501 (set on August 14), making many wonder […]