Key notes
- Bitcoin has exceeded $ 99,000 for the first time since early February.
- More than 84% of liquidations of $ 114 million in BTC are shorts.
- The Fed of the United States has further referred to regular interest rates.
Bitcoin
BTC
$ 96 611
24h volatility:
2.1%
COURTIC CAPESSION:
$ 1.92 T
Flight. 24 hours:
$ 29.09 B
Broken the $ 99,000 mark earlier in the day, reaching a maximum of $ 9,406.
The global market capitalization of cryptography increased 2.7% in the last 24 hours, currently at 3.06 billions of dollars, according to CoinmarketCap data. In addition, the daily negotiation volume increased by 25% to 104.3 billion dollars.
After the bullish momentum, short trading positions began to liquidate quickly. According to Coinglass data, the total cryptographic liquidations reached the $ 300 million mark in the last day, with the majority, worth $ 215 million, being shorts.
Bitcoin alone recorded $ 114.5 million in liquidations – $ 18.3 million long and $ 96.2 million.
According to Lookonchain, an anonymous Bitcoin address closed two short BTC positions and lost $ 1.6 million due to the price increase.
After $ BTC jumped, this whale closed its $ BTC Short positions – loss of more than $ 1.6 million. pic.twitter.com/qjpy8rvaru
– Lookonchain (@lookonchain) May 8, 2025
Coinglass data show that the largest liquidation order in the last 24 hours, worth 10.6 million dollars, also belonged to a short BTC trading position.
Historically, short liquidations trigger optimism among traders, pushing the higher price.
The bitcoin bitcoin case (BTC)
The sharp increase in Bitcoin prices occurred after the American federal reserve announced that interest rates will remain stable from 4.25% to 4.50%, according to CNBC. The main digital active ingredient recorded great volatility before the FOMC meeting on May 7.
This sparked up bullish momentum for the financial markets. The S&P 500 index won 0.43% while the CBOE volatility index (VIX) dropped by 7.71%.
While Bitcoin was starting to increase, a whale that had been inactive for four months bought 100 BTC for $ 9.78 million.
A whale bought 100 $ BTC($ 9.78 million) after $ BTC The price has increased.
This whale sold 100 $ BTC At $ 101,874 4 months ago, and after 4 months of inactivity, he started to buy back $ BTC at a lower price. pic.twitter.com/vg4jfog3
– Lookonchain (@lookonchain) May 8, 2025
The increase in the accumulation of whales will increase the price of Bitcoin because there is no expectation of sale of analysts.
The positive entries of the negotiated funds in exchange BTC based in the United States also strengthened positivity around Bitcoin. Sosovalue data shows a net influx of $ 142 million for these investment products.
Bitfinex analysts, a main crypto exchange, expect Bitcoin to break its summit of $ 109,000 if the support of $ 95,000 is valid.
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Non-liability clause: Coinspeaker undertakes to provide impartial and transparent reports. This article aims to provide precise and timely information, but should not be considered as financial or investment advice. Since market conditions can change quickly, we encourage you to check the information for yourself and consult a professional before making decisions according to this content.
Wahid analyzes and reports on the latest trends in the decentralized ecosystem since 2019. He has more than 4,000 articles in his name and his work has been presented on some of the main outlets, including Yahoo Finance, Investing.com, Cointelegraph and Benzinga. Apart from the reports, Wahid likes to connect the points between Defi and Macro on his newsletter, on Chain Moine.
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