Bitcoin Surges Past $93,000, Triggering $300M Short Liquidation Wave
Bitcoin’s price rally above $93,000 has led to massive short liquidations, marking a significant shift in market sentiment. This article delves into the key drivers behind this surge and its implications for the crypto market.
BTC Sees Over $300M in Short Liquidations as Price Rallies Above $93,000
Bitcoin rallied above $93,000, resulting in the liquidation of over $300 million in short positions. This occurred after BTC quickly rebuilt derivative positions, heavily skewed toward short bets, following the low-activity Easter weekend. The recent BTC liquidations were the biggest since March 3 and coincided with the overall recovery following the correction in April. Long liquidations are still occurring but are a fraction of the recent short liquidations. This shift to a higher price range signaled a greedy trading sentiment among investors.
Gate.io Launches BTC Staking with Web3 Wallet Bonus
Gate.io Staking has introduced a new BTC staking product, offering a base APR of 2%. Users can stake BTC to earn returns distributed in GTBTC, with a 1:1 exchange ratio. Additionally, a 90-day Web3 wallet incentive campaign is available, providing an extra 1% reward the next day for completing designated tasks. The campaign runs from April 22 to July 20. Users can check specific task information on the BTC staking page.
Bitcoin (BTC) Surges Past $94K; Analysts Predict Further Gains
Bitcoin has seen a significant price surge, climbing above $94,000. This increase has been fueled by the proposed de-escalation of the trade war between the USA and China. Analysts are optimistic about BTC’s future, with one predicting a cycle top of $180,000 by the end of 2025 or early 2026. The cryptocurrency market, led by BTC, has responded positively to these improving conditions.
Bitcoin Price Rockets to $94K
Bitcoin is currently trading at around $94,200, marking an almost 8% increase since reclaiming the $90,000 level last week. The surge has been fueled by renewed institutional interest and geopolitical alignment in favor of cryptocurrencies. The digital asset is approaching a key resistance level NEAR $95,100. A successful breakout above this mark could push BTC towards $97,000 and potentially $99,700. However, traders remain cautious as the price nears the upper band of its rising channel, watching for either confirmation of a breakout or signs of a pullback. The MACD remains bullish, with the 50-period EMA providing support near $86,960.
Bitcoin Holders’ Sentiment Split Signals Re-Accumulation Phase
Bitcoin’s long-term holders have begun accumulating again, marking their first net buildup since the cryptocurrency’s last local peak. This shift signals an early re-accumulation phase, suggesting renewed confidence among seasoned investors. Meanwhile, short-term holders are cashing out, creating a stark divergence in market behavior. The contrast underscores a strategic pivot—veteran players are positioning for the next cycle while retail traders retreat. Market dynamics now hinge on whether this accumulation trend sustains, potentially laying the groundwork for the next bullish phase.
Bitcoin Reclaims $94K Amid Trump’s Comments on Powell
Bitcoin, the top-ranked crypto by market cap, climbed more than 3% late Tuesday to trade at $94,198. The price rally took place after Trump stated he had no intention of firing Federal Reserve Chair Jerome Powell, easing market tensions. Markets had been on edge after the US president earlier called Powell a major loser and suggested legal options to remove him from office. Trump also expressed a desire for Powell to be more active in lowering interest rates.
