After the recent Bitcoin increase beyond the $ 100,000 brand, short vendors experienced significant liquidations for a total of around $ 970 million, or around ₱ 54.1 billion.
- $ BTC led the list with $ 393.58 million in liquidations, followed by $ ETH at $ 300.32 million.
- Alternatives such as $ Sol and $ Sui also faced mass settlements of $ 27.85 million and $ 15.86 million, respectively.
- Among the meme coins, $ Doge was $ 14.01 million in liquidations, $ 1000PEPE had $ 11.50 million and $ Memefi registered $ 9.44 million.
Liquidation breakdown in the last 24 hours
- Total affected merchants: 199,602
- Larger individual settlement: $ 11.97 million BTC- $ USDC trade in crypto binance
- Long positions: $ 133.80 million in liquidations
- Short positions: $ 818.98 million in liquidations
Impact of exchanges
- EBIT: $ 324.40 million (86.59% of short positions)
- Binance: $ 215.61 million (81.52% of short positions)
- Gate.io: $ 180.51 million (90.98% short positions)
- OKX: $ 124.14 million (77.83% of short positions)
- Cooperative: $ 84.25 million (92.93% of short positions)
- Coinx: $ 11.78 million (93.26% of short positions)
- Bitmex: $ 11.66 million (97.71% short positions)
- Bitfinex: $ 674,910 (99.04% short positions)
Bitcoin at $ 100K Mark
On May 9, 2025, the price of $ BTC increased more than $ 103,000, promoted by a combination of macroeconomic factors, renewed institutional demand and geopolitical developments.
- American commercial treatment: President of the United States Donald Trump announced A new commercial agreement with the United Kingdom (United Kingdom), which describes it as a symbol of “reciprocity and equity” in international trade.
- The deal It is reduced Automatic import tariffs from the United Kingdom from 27.5% to 10% and eliminates tariffs on steel and aluminum. It also includes a quota for 13,000 metric tons of meat imports without tariffs.
- Interest rate cuts: Merchants are bet In the interest rate cuts of the United States Federal Reserve (FED), with CME Fedwatch data that show a 70% probability of a rate cut in July and a 95% probability of at least one cut in October.
- This occurs despite the maintenance rates of the stable Fed this week and President Jerome Powell does not offer a clear timeline to facilitate.
- Missouri Bill 594: Missouri is ready to become the first state of the United States in eliminate The Capital Profit Tax with Bill 594 of the House of Representatives, a measure that could significantly benefit investors by making all capital profits, including cryptographic, tax free.
Bitcoin at $ 150K Prediction
Arthur Hayes, former CEO of Bitmex, predicted $ BTC will rise to $ 150,000 this year, driven by the continuous printing of money from the Fed and the increase in inflation, which according to him creates a “perfect configuration” for a manifestation in risk assets.
Speaking in Token2049 in Dubai, Hayes said that the Fed decision to maintain constant rates amid economic uncertainty reflects the past conditions that caused cryptocurrencies. He believes that $ eth and $ Sol will follow the advantage of $ BTC, although he admits that their short -term predictions have not always been precise.
Altcoins also recovered
- $ Eth increased by 20.3%, exceeded the $ 2,100 mark.
- $ Sol won 8.4%, currently valued at $ 163.29.
- $ BNB rose by 3.8%, now to $ 624.68.
- $ SUI jumped 13.6%, now with a price of $ 4.01.
- $ XRP increased by 4.2%, now valued by $ 2.31.
This article is published in bitpins: Quick Take: Crypto Liquidations Top $ 970m as short sellers suffer from mass losses
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