Bitcoin $99,683.26reached the summit of the last three months and rose to $ 99.406. The global crypto market value increased by 2.7 %per 24 hours to 3.06 trillion dollars. The transaction volume increased by 25 %and increased to 104.3 billion dollars. These developments led to the rapid liquidation of short positions in the market.
Market data and transaction details
According to Coings data, total crypto asset liquids in the last 24 hours have reached a level of $ 300 million. 215 million dollars of these liquidations belonged to short positions, while the total liquidation of Bitcoin was $ 114.5 million. 18.3 million dollars of these figures were long and 96.2 million dollars were caused by short positions.
Lookonchain: After the increase in the price of Bitcoin, it damaged $ 1.6 million in closing its short positions.
Coings also said that the highest liquidation order in the last 24 hours belongs to a short position of $ 10.6 million. In the past, short position liquidations have increased the optimism of the future among investors and increased prices.
Interest decision and investor interest
The statement that the US Federal Reserve will keep interest rates constant at the range of 4.25-4.50 %created a positive atmosphere in the market before creating volatility in Bitcoin. Following this development, the S&P 500 index increased by 0.43 %, while the VIX index decreased by 7.71 %. This optimism in the financial markets created a procurement pressure on Bitcoin.
Lookonchain: After four months of inactivity, he took 100 Bitcoin for $ 9.78 million and joined the transactions again.
In addition, US -based Spot Bitcoin Stock Exchange Investment Funds of $ 142 million net money entry was recorded. While this positive flow increases the confidence in the market, it is thought that the protection of support search levels by investors is important. Bitfinex analysts say that if the $ 95,000 support continues, Bitcoin can exceed $ 109,000, the highest level of all time.
These developments in the Bitcoin and the general crypto market provide investors to closely follow the market. The data show that liquidations in short positions may lead to price increase and investors should be careful in this process.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
