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Pump Trading - Hoàn phí Tốt Nhất VN
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4.8 billion dollars will be liquidated if Bitcoin surges to 116,000 dollars
Amid the continuously fluctuating crypto market, the price movement $BTC has once again become the center of attention. If the price of Bitcoin reaches 116,000 dollars, it will trigger the liquidation of 4.8 billion dollars of short positions.
The current BTC price fluctuates around 115,000 dollars, just one step away from the trigger point. Over the past 30 days, short orders have outnumbered buy orders, reflecting traders' unrealized expectations about recent pullbacks. The market in October has witnessed a massive liquidation worth 19 billion dollars, causing BTC to drop below 110,000 dollars for a brief period, but the subsequent recovery has shown strong buying power.
The backdrop for this potential liquidation wave is the increasing global macroeconomic instability. The sudden collapse earlier in October wiped out 800 billion dollars in market capitalization, exposing liquidity gaps. Traders have shifted to the options market, aggressively buying put options at strike prices of 115,000 dollars and 95,000 dollars for the expiration date of October 31 to hedge against potential downside risks. On platforms like Hyperliquid, whale investors have turned to short selling BTC in the range of 113,000 to 115,000 dollars, indicating an increasing divergence.
In summary, the short liquidation threshold of 4.8 billion dollars has become the weather forecasting factor of the market; traders should closely monitor price movements and on-chain metrics
— Pump Trading —
Amid the continuously fluctuating crypto market, the price movement $BTC has once again become the center of attention. If the price of Bitcoin reaches 116,000 dollars, it will trigger the liquidation of 4.8 billion dollars of short positions.
The current BTC price fluctuates around 115,000 dollars, just one step away from the trigger point. Over the past 30 days, short orders have outnumbered buy orders, reflecting traders' unrealized expectations about recent pullbacks. The market in October has witnessed a massive liquidation worth 19 billion dollars, causing BTC to drop below 110,000 dollars for a brief period, but the subsequent recovery has shown strong buying power.
The backdrop for this potential liquidation wave is the increasing global macroeconomic instability. The sudden collapse earlier in October wiped out 800 billion dollars in market capitalization, exposing liquidity gaps. Traders have shifted to the options market, aggressively buying put options at strike prices of 115,000 dollars and 95,000 dollars for the expiration date of October 31 to hedge against potential downside risks. On platforms like Hyperliquid, whale investors have turned to short selling BTC in the range of 113,000 to 115,000 dollars, indicating an increasing divergence.
In summary, the short liquidation threshold of 4.8 billion dollars has become the weather forecasting factor of the market; traders should closely monitor price movements and on-chain metrics
— Pump Trading —
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