**When Bitcoin Returns to US$95 Thousand, Rp56 Trillion Short Position Auto Burns**

Bitcoin $BTC has turned red again, now at the US$90 thousand area after The Federal Reserve (The Fed) cut interest rates. Previously, the largest digital asset in the world had risen to US$94 thousand on Thursday (11/12) early morning.

However, if Bitcoin can rise and touch the trading area of US$95,067 again, the portfolios of traders in short positions will burn or be liquidated to reach US$3.4 billion or around Rp56 trillion, according to CoinGlass.

The crypto market is facing a declining test since Saturday (11/10) ago. Although the news of cutting interest rates to 3.50%-3.75% should have restored the crypto market, it has not been able to push it.

Furthermore, this news is usually related to the crypto market. Because, the easing of the monetary policy of the central bank of the United States (US) can provide liquidity to crypto.