Bitcoin investors need to pay attention to these two important levels, is the market preparing to liquidate over 4 billion dollars?
The cryptocurrency market enters a new week with a green hue as Bitcoin (BTC) maintains above the threshold of 87,700 USD and Ethereum (ETH) approaches the 2,100 USD mark. The growth momentum of Bitcoin is driven by the cautious monetary policy of the Federal Reserve (FED) and a slight decrease in trading volume in the United States.
If Bitcoin surpasses the level of 89,094 USD, approximately 2.5 billion USD of short positions on centralized exchanges (CEX) will be liquidated. Conversely, if BTC falls below 83,900 USD, long positions worth 1.35 billion USD will also face liquidation pressure.
The massive liquidation and its impact on the market
According to current data, in just the past 24 hours, the market has witnessed a total liquidation value of up to 211.35 million USD. Of which, long positions liquidated accounted for 56.36 million USD, while short positions suffered larger losses totaling up to 154.98 million USD.
Notably, about 85,532 traders have been liquidated in the same timeframe, with the largest liquidation occurring on the BTC/USDT pair at Binance.
Experts believe these figures clearly reflect the strong volatility of the market and the risks that leveraged investors face.
Trend forecast and notes for investors
In the short term, Bitcoin is still fluctuating within an important range, with pressure from both buyers and sellers. If BTC breaks above the 89,000 USD level, the upward momentum may continue to expand, pushing the price towards new highs.
Why does China hold over 194K Bitcoin, 487 million XRP, 833K ETH, and 6 billion DOGE?
China holds a large amount of cryptocurrency that far exceeds what most governments acknowledge, and all of it comes from seizures by law enforcement agencies, primarily related to the PlusToken scam, which collapsed in 2019. According to a ruling by the Intermediate People's Court of Yan'an, Jiangsu in 2020, the authorities seized: 194,775 Bitcoin, 833,083 ETH, 487 million XRP, 6 billion DOGE, 79,581 BCH, 1.4 million LTC, 27.6 million EOS, 74,167 DASH, 213,724 USDT.
PlusToken defrauded over $2 billion in cryptocurrency from investors worldwide. This scam began in 2018 when a crime group based in China, posing as South Koreans, launched an app promising monthly returns of 9% to 18%.
The PlusToken app was marketed as a cryptocurrency wallet and investment platform, operating under a multi-level marketing model that required users to invite more people to participate. Over two million people were lured into this profit promise, sending cryptocurrency in hopes of receiving attractive rewards. However, in reality, there were no transactions, no price differentials, or profits; only money from new investors was used to pay earlier participants.
IMF Recognizes Bitcoin in Global Economic Data for the First Time The International Monetary Fund (IMF) has updated its balance of payments standards to account for the increasing influence of cryptocurrency.
IMF adds Bitcoin to global economic statistics!
In the latest seventh edition of BPM7, the IMF has included cryptocurrencies such as
According to the new IMF standards, Bitcoin and similar cryptocurrencies are now classified as non-profit generating assets in global economic statistics. This marks the first time the IMF has provided detailed guidance on digital assets in its global statistical standards.
The new IMF framework divides digital assets into fungible and non-fungible tokens and further classifies them based on whether they have related debts. Bitcoin and similar tokens without debt are considered capital assets, while stablecoins backed by debts are classified as financial instruments.
According to the IMF, cryptocurrency assets like Bitcoin, which are not related to liabilities and serve as a medium of exchange, are classified as non-produced non-financial assets and are recorded in the capital account.
In practice, this means that cross-border cryptocurrency transactions involving assets like Bitcoin will be tracked as purchases or sales of non-produced assets in the capital account. Meanwhile, tokens linked to a platform, such as Ethereum or Solana (SOL), may be considered equity holdings in the financial account if the owner originates from a different country than the token's country of origin.
Does Binance's silence hinder the progress of Pi Network?
One of the stories that has recently stirred the Pi community is the move from Binance. Although a poll on this platform shows that 86% of participants support the listing of Pi, Binance has yet to make an official decision.
Binance's disregard for Pi may stem from internal concerns about transparency and credibility. Analyst Kim Wong noted that, although Pi has an average trading volume of up to 500 million USD per day (a significant figure), Binance remains cautious due to challenges regarding trust within the community.
Will Pi truly break through to 3 USD or will it continue to be a tale of expectation and disappointment? The answer may come soon, but only if the project demonstrates transparency, practical utility, and acceptance from the "big players".
Why Pi Network Is Not Included in Binance’s “Vote to List” Program
Why Pi Network Is Not Included
To be eligible for the program, the project must be hosted on the BNB Smart Chain network. This means that projects that are operated outside of BNB are not eligible for the program.
Unfortunately, Pi Network operates on its own blockchain, which makes it ineligible for the initiative.
Many believe that Binance is favoring memecoin projects that are based on its own network.
Previously, when Binance launched a community vote to seek users’ opinions on whether to list Pi Network on the exchange, the majority of participants voted in favor of PI.
However, the Binance team has yet to take any action. The exchange even downplayed the community’s reaction to listing PI, stating that the final decision would be made after considering other factors.
With this latest development, many have pointed out that Binance needs to support projects with solid foundations like PI rather than memecoins with no utility.
Interestingly, some of the projects included in the first campaign have strong backing from celebrities. The case of Mubarak is a typical example.
Mubarak has recently been in the spotlight, when Binance founder – Changpeng Zhao, expressed his support for the token.
19.3 Days Fed Holds Interest Rates Steady, Reveals Timing and Figures for Cuts This Year
At the conclusion of its second meeting of 2025, the U.S. Federal Reserve (Fed) decided to keep its benchmark interest rates unchanged, although it indicated that cuts could be made by the end of the year.
Facing risks related to tariffs and a slowing economy, the Federal Open Market Committee (FOMC) maintained the reference rate in the range of 4.25% to 4.5% - a level that has been upheld since December. The market also predicted that there was almost no chance the U.S. central bank would lower interest rates at this meeting.
The Fed's decision came after the U.S. stock market was shaken by Washington's continuous imposition of tariffs on global trade partners. The unstable situation is also weakening consumer confidence. Retail spending increased in February, although it was lower than forecast, but the underlying indicators still show that American consumers are weathering the geopolitical "storms."
Currently, some "cracks" have appeared in the labor market. Non-farm payrolls increased more slowly than estimated in February, and the measure tracking unemployment - which includes discouraged workers and those working under their potential - rose by 0.5% in February to the highest level since October 2021.
Bitcoin is not just a speculative asset, but a dangerous asset and a "bubble burst" is not a question of whether it will happen, but when it is coming.
The global economic crisis occurs every 10 years: 1998, 2008, 2019, due to the impact of the global Covid pandemic, governments around the world have injected money to save their economies.
By 2025, the pandemic has ended, and the US and IMF need to refresh the domestic and international markets, making the global economies increasingly dependent on the Dollar and government bonds. They need to create a global economic recession to continue injecting money into economies, at which point the Dollar will no longer be mentioned or replaced as Brics is considering abandoning the US common currency.
The supply of Bitcoin is 21 million BTC, the US government holds about 150,000 BTC, which is too little to lead the market to push the price up to 500,096,747,837.92 or 1,000,096,747,837.92 as that would only benefit those on the other side of the hemispheres. Therefore, BTC can only be accumulated through the confiscation of hackers' assets and not by using the US government's purchased money...
#Donal Trump Trump's recent tariff policies have backfired, and the Bitcoin reserve plan, which had given this industry the long-awaited BTC milestone of $109,000, has faded as the market realized that Trump's policies are driven by politics, creating panic and fear in the cryptocurrency asset market.
This raises global concerns about the safety of cryptocurrency assets when integrating them into the mainstream financial sector, as discussed by an influential figure in the EU council. Let's delve deeper.
The European Central Bank warns that cryptocurrency market collapses often lead to financial crises that typically originate in the United States and spread globally. By supporting digital assets and the non-bank financial system, the U.S. government is accepting unnecessary risks that could destabilize the global economy.
If Pi is listed on Binance, we could see an explosive price increase. Pi could break the previous all-time high of 3 USD and surge to the range of 4 to 4.50 USD within a few days. If the market considers Pi to be a key 'factor' in the cryptocurrency space, it could even reach 7 to 10 USD in the short term, which would place Pi in the top 10 largest cryptocurrencies in the world by market capitalization.