TradingKey - Bitcoin surges past $107,000, reaching a new high in nearly five months. Will it continue to rise?
On Monday (May 19), the price of Bitcoin (BTC) soared past $107,000, reaching a high of $107,108, a new high since January 24, 2025. As of the time of writing, the price of Bitcoin has significantly retreated, currently reported at $104,771.
【Bitcoin Price Chart, Source: TradingView】
In the past 24 hours, Bitcoin suddenly surged and then retreated, leading to liquidations on both long and short positions. According to the data, the liquidation amount is $575 million, with longs accounting for 60% and shorts for 40%.
【Crypto Market Liquidation Data, Source: Coinglass】
It is worth noting that the Bitcoin price fluctuated mainly around $10.4 last week without significant volatility, but this morning it suddenly surged without any positive news, which could be a trap for bullish investors.
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