Bitcoin breaks 118,000, killing 1 billion shorts in a single day!
Bitcoin reaches a historic high of 118,000 USD, triggering the largest liquidation wave of the year.
In the past 24 hours:
Short liquidations totaled 1.11 billion USD
Long liquidations only totaled 120 million USD
The total liquidation amount reached 1.24 billion USD, with 260,000 people forced to close their positions.
Bybit liquidated 291 million, HTX liquidated 133 million, including a single liquidation of 88.55 million USD on HTX, setting a new record.
Bitcoin itself rose by 4.82%, while the amount liquidated from shorts is nearly 45 times that of longs, indicating an extremely strong bullish sentiment in the market.
Solana breaks out, target price 164 USD
SOL breaks the upper edge of the symmetrical triangle, with technical analysts targeting 164 USD, currently rising to 158 USD, confirming the breakout.
Structurally, higher highs and higher lows have emerged, indicating a technical uptrend.
ADA short-term bullish, long-term concerns remain
ADA's current price is 0.626 USD, rebounding over 17% since the beginning of the month.
The daily chart shows strengthening momentum, with RSI breaking above 50, potentially challenging the resistance levels of 0.66-0.68 USD in the short term.
However, the weekly trend still appears weak, with 0.68 being a key resistance level; if it fails, there is a 30%-40% risk of pullback.
At the same time, developer activity and on-chain interaction data continue to decline, necessitating caution regarding long-term performance.
HYPE nearing historical high, hype is off the charts
Stimulated by positive news, HYPE rises to 44.55 USD, approaching its historical high:
Listed on Bybit
Included in Grayscale's Q3 candidate assets
Daily trading volume surged 40%, reaching 422 million USD
The underlying platform Hyperliquid performs strongly, with daily revenue surpassing Ethereum and Solana, maintaining a market share of 60%, and integrating Phantom wallet to enhance user traffic.
In the resonance of market enthusiasm and fundamentals, HYPE is jointly favored by institutions and retail investors, becoming a strong hotspot in the short term.
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