🚨😱⚡️ Biggest Wipe Out Since 2021: 190,000 Traders Liquidated as BTC Hits $100,000
‼️DONT MISS ‼️
Bitcoin surged past $100,000, triggering $970 million in liquidations, mostly from short positions the biggest wipeout since 2021. Traders rapidly shifted to long positions, raising risks of a $2 billion+ long squeeze if Bitcoin drops below $100,000. Futures Open Interest hit a record $67.4 billion, signaling high leverage optimism but also increasing the chance of a market correction.
⭐️ Quick Take:
Historically, every time Bitcoin’s OI has surpassed $65 billion, a market correction has followed shortly after. Bitcoin is now making headlines not just for surpassing $100,000, but also for its rising influence in global finance. At one point, Bitcoin even surpassed Amazon to become the fifth largest asset in the world, with a market capitalization of $2.05 trillion.
Meanwhile, Standard Chartered predicts Bitcoin could soon break its all time high and reach $120,000 in Q2.