#CryptoComeback Record of cryptocurrency liquidation of US$ 879.000.000.000: Bears in a bloodbath
U.Today - The cryptocurrency market has just witnessed one of the largest liquidations since 2021, eliminating more than US$ 879 million leveraged positions, triggering short sellers. The market leaders Bitcoin and Ethereum launched a fierce attack against bearish investors, almost instantly shifting market sentiment. Bitcoin continued to rise towards US$ 104.000 after surpassing the psychological barrier of US$ 100.000, before encountering slight resistance.
This action completely wiped out traders betting against the rise and liquidated hundreds of millions in short positions. With a robust upward trend, increasing volume, and an RSI comfortably in bullish territory, Bitcoin's price action is clearly strong. The resistance slightly above US$ 104.000 remains a short-term obstacle, while the support zone around US$ 93.000 now acts as a crucial floor that could sustain further upward potential.
U.Today - The cryptocurrency market has just witnessed one of the largest liquidations since 2021, eliminating more than US$ 879 million leveraged positions, triggering short sellers. The market leaders Bitcoin and Ethereum launched a fierce attack against bearish investors, almost instantly shifting market sentiment. Bitcoin continued to rise towards US$ 104.000 after surpassing the psychological barrier of US$ 100.000, before encountering slight resistance.
This action completely wiped out traders betting against the rise and liquidated hundreds of millions in short positions. With a robust upward trend, increasing volume, and an RSI comfortably in bullish territory, Bitcoin's price action is clearly strong. The resistance slightly above US$ 104.000 remains a short-term obstacle, while the support zone around US$ 93.000 now acts as a crucial floor that could sustain further upward potential.