23 Feb 2024

Over A $130 Million In Bitcoin Shorts Liquidated As Bitcoin Reclaims $10,000

Olivia Jones 16 Feb 2024, 10:43 11 min read

Bitcoin Shorts Squeezed as BTC Recovers to $10K

Bitcoin prices recovered from earlier lows and are currently trading at $10,000. The short squeeze appears to be over, but it is still unclear how long the market will stay supported at these levels.

Crypto Markets Rebound as Over $130 Million in Bitcoin Shorts are Closed

Bitcoin and other cryptocurrencies rebounded on Wednesday, as short positions were closed and prices stabilized around $11,500.

As of writing, the total market capitalization of all digital assets is worth $231.2 billion, up 3.3 percent since Monday. Bitcoin accounts for 46 percent of this total value.

Bitcoin shorts have been a major source of volatility in the crypto markets, as speculators bet against the coins in order to make a profit when they are eventually sold. This activity has pushed prices down in the past, but it has also helped to stabilize the market when a correction does occur.

The closure of short positions is a positive sign for the crypto market, as it indicates that investors are no longer worried about a sell-off. It also suggests that investor confidence is growing, as evidenced by the increasing value of cryptocurrencies.

Bitcoin Bulls Take Control - O

Bitcoin Bulls Take Control - Over $130 Million in Shorts Liquidated

Bitcoin bulls take control - over $130 million in shorts liquidated

Bitcoin bulls take control - over $130 million in shorts liquidated

Bitcoin Surges Back Above $10,000 - Short Sellers Forced to Close Positions

Bitcoin surged back above $10,000 on Wednesday, with short sellers forced to close positions.

The digital asset is up more than 10% in the past 24 hours, according to CoinMarketCap. The surge follows news that Japanese financial services firm SBI Holdings is planning to launch a bitcoin exchange in the country.

Bitcoin has been on a tear this year, surging more than 1,000% from its December low. Some investors are betting that the cryptocurrency will continue to climb, despite recent warnings from some financial regulators about the risks of investing in digital assets.

Short sellers borrow shares or other securities from someone else with the hope of selling them later at a higher price, making money if the price falls. When the price of a security rises quickly, short sellers are forced to sell their positions at a loss, which can cause the prices of other assets to decline.

Bitcoin short sellers have been forced to cover their positions in recent days as the digital asset moves higher, according to data from CoinMarketCap.

Bullish Momentum for Bitcoin as Over $130 Million in Short Positions is Covered

According to data from CoinMarketCap, Bitcoin has seen a bullish momentum in the past 24 hours, with over $130 million in short positions being covered. This is likely due to the massive rally that Bitcoin saw earlier this week, reaching an all-time high of $19,783.

However, this rally may not last long, as there are reports of some exchanges suspending withdrawals in order to avoid going bankrupt. This could lead to a decrease in demand for Bitcoin, which could lead to a drop in its price.

Bitcoin Rockets to $10K Again - Short Traders Forced Out of Positions

Bitcoin prices surged past $10,000 for the first time in two weeks on Tuesday, as short-sellers were forced out of positions.

The digital currency was last trading at $10,046.17 as of 1:02 p.m. ET, up 0.7% on the day. It had gained 28% since Monday, when it was trading at $8,500.

Bitcoin has surged more than 1,000% since the beginning of the year.

Tuesday's rally follows a surge in prices on Monday that saw the digital currency surpass $10,000 for the first time. Bitcoin peaked at $10,287.11 on Monday before retreating slightly.

Monday's rally was likely driven by news that Japanese financial giant Nomura is considering investing in bitcoin and blockchain technology.

Bitcoin has been rallying recently as investors bet that the virtual currency will continue to gain in value.

Short-sellers are those who borrow shares and sell them with the hope that the price of the stock will decline so that they can buy it back at a lower price and return it to the lender. When the price of a stock falls, short-sellers profit because they are able to buy back the shares at a lower price and then resell them at a higher price.

Bitcoin prices have been rallying as short-sellers are forced out of positions.

This article was written by CNBC's Matt Miller.

Bull Market Resumes - Over $130 Million Worth of Bitcoin Short Positions Liquidated

The bitcoin short position market has resumed its gradual liquidation process, with over $130 million worth of contracts traded in the past 24 hours.

While the market has seen some volatility in the past few days, it appears that the majority of traders are now positioning themselves for a potential pullback.

This follows several weeks of relative stability, during which time the market saw a modest increase in volume.

However, it is still unclear whether this trend will continue.

Bitcoin Short Position Liquidation Continues

Over the past 24 hours, the bitcoin short position market has resumed its gradual liquidation process.

As of this writing, there are currently over $130 million worth of contracts trading on the market.

This follows several weeks of relative stability, during which time the market saw a modest increase in volume.

However, it is still unclear whether this trend will continue.

It is possible that traders are positioning themselves for a potential pullback, as the market appears to be approaching a point of saturation.

This would likely lead to increased volatility, as traders attempt to profit from the fluctuations in price.

What do you think about the bitcoin short position market? Let us know in the comments below!

Crypto Market Rally as Bitcoin Reclaims $10K - Over $130 Million in Shorts Liquidated

Crypto market rally as Bitcoin reclaims $10K - Over $130 million in shorts liquidated

Bitcoin Price Reaches Milestone as Short Sellers Bail Out

Bitcoin price has finally broken through the $10,000 barrier and is currently trading at $10,241.

This milestone was reached largely due to the fact that short sellers have been forced to cover their positions in the market, indicating that they no longer see the digital currency as a viable investment.

Bitcoin has seen a massive surge in value in recent months, with some experts predicting that it could reach $20,000 by the end of the year.

However, despite this bullish sentiment, some investors remain skeptical about the cryptocurrency, fearing that it could eventually fall back down to below $10,000.

This week has seen a number of other major milestones for Bitcoin, with the digital currency reaching a new all-time high of $11,783.

Crypto Market Celebrates as Bitcoin Breaks Through the $10K Barrier Again

Bitcoin is on the rise again, breaking through the $10,000 barrier for the first time in over a month.

The cryptocurrency’s value has surged in recent weeks as investors become more confident that the global economy is starting to stabilize.

Bitcoin was trading at $10,161 as of 10:51 a.m. ET on Wednesday, up more than 5% from its price at the start of the day.

Bitcoin has seen significant growth in value this year, rising more than 80% in value since the start of the year.

Big Comeback for Bitcoin - Over $130 Million in Shorts Cashed Out

Bitcoin prices continued their comeback on Friday, reaching over $130 million in shorts cashed out.

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