Main notes
- Bitcoin exceeded $ 99,000 for the first time since early February.
- More than 84 % of BTC references of $ 114 million are shorts.
- The American Federal Reserve has alluded to fixed interest rates again.
Bitcoin
BTC
96 $ 611
24 hours fluctuation:
2.1 %
The maximum market:
$ 1.92
Folder. 24h:
$ 29.09 b
It broke the mark of $ 99,000 earlier today, reaching the highest level in three months at 99406 dollars.
The maximum global Crypto market has increased by 2.7 % in the past 24 hours, currently at $ 3.06 trillion, according to data from Coinmarketcap. Moreover, the daily trading volume increased by 25 % to $ 104.3 billion.
After the bullish momentum, short trading positions began to filter quickly. According to data from CoinglassThe total encryption references to the mark of $ 300 million over the past day, with the majority, at a value of $ 215 million, which are short pants.
Bitcoin alone recorded $ 114.5 million in liquidation – $ 18.3 million in length and $ 96.2 million.
According to Lokonchain, the Unknown Bitcoin has closed two BTC short functions and lost $ 1.6 million due to high prices.
after $ BTC He jumped, this whale closed to him $ BTC Short positions – a loss of more than $ 1.6 million.https://t.co/ke6vewkmra https://t.co/hcjufztupr pic.twitter.com/qjpy8rvaru
– Lookonchain (@swearonchain) May 8, 2025
Coinglass data shows that the largest individual liquidation request over the past 24 hours, at a value of $ 10.6 million, also belongs to a BTC short trading mode.
Historically, short liquidation leads to optimism between merchants, which prompted the price up.
Bitcoin oud (BTC)
The increase in Bitcoin prices came after the American Federal Reserve announced that interest rates will remain fixed at 4.25 % to 4.50 %, according to what it said. CNBC. The leading digital assets recorded high fluctuations before the FOMC meeting on May 7.
This prompted the budget momentum to the financial markets. The S& P 500 index gained 0.43 %, while the CBOE (Vix) fluctuation index decreased by 7.71 %.
When Bitcoin started to rise, I bought an inactive whale for four months 100 BTC for $ 9.78 million.
Buy a 100 whale $ BTC(9.78 million dollars) yet $ BTC The price rose.
He sold this whale 100 $ BTC At 101,874 dollars 4 months ago, and 4 months after the lack of activity, he started buying again $ BTC At a lower price.https://t.co/xsuq18gxt5 pic.twitter.com/vg4jfugug3
– Lookonchain (@swearonchain) May 8, 2025
The increase in the accumulation of whales will pay the price of bitcoin due to the lack of expectations for sale from analysts.
It also strengthened positive flows of funds that were exchanged on the stock exchange in the positive United States around Bitcoin. Sosovero data A clear flow of $ 142 million appears to these investment products.
Analysts at Bitfinex, the pioneering Exchang Crypto, expects that Bitcoin will break its highest level ever at $ 109,000 if the support of $ 95,000 continues.
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Slip: Coinspeaker is committed to providing unbiased and transparent reports. This article aims to provide accurate and timely information, but it should not be considered financial or investment advice. Since market conditions can change quickly, we encourage you to check your information and consult with a professional before making any decisions based on this content.
Wahid has analyzed and informed the latest trends in the decentralized ecosystem since 2019. He has more than 4000 articles in his name, and his work has been presented to some leading ports including Yahoo Finance, Investing.com, Cointelgraph and Benzinga. Unlike reporting, Wahid loves to connect points between Defi and Macro in his news message, Monk on the series.
The post Bitcoin Nears $99K — Whale Loses $1.6M, But Bullish Case Builds first appeared on Investorempires.com.
