Analysis: Traders Lost Nearly $1 Billion Due to BTC Rising Above $100,000
📌 Key Facts:
On May 8, Bitcoin Surpassed $100,000 for the First Time in Months.
This Triggered a Record Liquidation of Short Positions — Traders Lost $970 Million, of Which $836 Million Was from Shorts.
190,000 Traders Were Affected — The Largest Liquidation Since 2021.
📉 What This Means:
Most Liquidated Traders Were Betting on a Decline in BTC, but the Market Went the Other Way.
Binance Did Not Disclose Full Data — Actual Losses Could Be Higher.
⚠️ Risks to the Market:
Currently, the Volume of Long Positions Has Increased Sharply. If the Price Falls Below $100,000:
Liquidations of Longs Could Exceed $2 Billion.
If It Drops Below $98,000 — Liquidations Could Reach $3.45 Billion.
This Makes the Market Extremely Vulnerable to a Rapid Correction.
📊 Indicators Say:
Open Interest in BTC Futures Reached $67.4 Billion (A Record).
Historically, After Surpassing the $65 Billion Mark, a Correction Followed.
🔮 Forecasts:
Standard Chartered Believes BTC Will Reach $120,000 by the End of Q2 2025.
But the Overheating of the Futures Market Could Cause a Temporary Decline.
