FOMO in Bitcoin surges as traders rush back: But crowded positions could flip quickly
- Bitcoin broke above the $87,000 mark, boosting market sentiment and driving a surge in social media discussions about further upside, while $648 million in short positions were liquidated.
- Crypto trading volume jumped 39%, and open interest rose 7.6% to $156 billion, suggesting traders are using higher leverage even though bearish positions were liquidated.
- Analysts believe Bitcoin’s recent uptrend may continue, with targets set at $88,000 and as high as $350,000 to $370,000 by 2030, when the coin is still expected to remain in a “bullish mode” across key price levels.
Source: CryptoPotato
🌍 Updated by GemCrypto
$BTC
#Bitcoin #Crypto
- Bitcoin broke above the $87,000 mark, boosting market sentiment and driving a surge in social media discussions about further upside, while $648 million in short positions were liquidated.
- Crypto trading volume jumped 39%, and open interest rose 7.6% to $156 billion, suggesting traders are using higher leverage even though bearish positions were liquidated.
- Analysts believe Bitcoin’s recent uptrend may continue, with targets set at $88,000 and as high as $350,000 to $370,000 by 2030, when the coin is still expected to remain in a “bullish mode” across key price levels.
Source: CryptoPotato
🌍 Updated by GemCrypto
$BTC
#Bitcoin #Crypto