Bitcoin Nears $100K, Short Sellers on Edge
Bitcoin is on the verge of reaching the $100,000 milestone, climbing to its highest level in over two months. This upward movement poses a serious risk to more than $3 billion in short positions.
As Bitcoin gains momentum, the market is witnessing renewed enthusiasm, with many closely watching for potential short liquidations that could further drive up prices.
Bitcoin Breaks $96,000, Hits Two-Month High
Trading between $96,869 and $97,057, Bitcoin has surged past its 10-week high, demonstrating strong investor confidence. This price level marks a significant breakout, reinforcing bullish sentiment across the market. Traders are increasingly betting on a run to $100,000, evident in rising demand for call options.
$3 Billion in Short Positions Face Pressure
The sharp rally has left over $3 billion in short positions exposed. Investors and traders are adjusting their strategies in real time as Bitcoin approaches a major psychological and technical level.
Market sentiment remains strongly bullish, with analysts pointing to the possibility of Bitcoin smashing past its all-time high and targeting $150,000 in the near future.
In a surprising twist of market psychology, $ALPACA surged by over 2,300%, peaking at $1.47, shortly after a delisting announcement from Binance exchange on April 24, 2025. The exchange cited “low trading volume and developer inactivity” as reasons but the market had other ideas.
The rally appears to have been driven by a short squeeze, forcing bearish traders to buy back in as prices skyrocketed. In a space dominated by volatility, this stands out as a reminder that market reactions aren’t always predictable.
Interestingly, other exchanges chose to retain $ALPACA, even as others let go an unusual but now commendable decision. And in celebration of this community-first stance.
