Bitcoin (BTC) 
$87,585exceeded the $93,000 level for the first time in its history. Short-term traders, especially those who took reverse positions in futures, paid a heavy price. The total liquidation exceeded $700 million and looks set to continue.
Bitcoin and Historical Days
According to crypto exchange data aggregator Coinglass, positions worth $ 711,340,000 have been liquidated in the last 24 hours, and the largest part of these liquidations are short positions on BTC. Binance, the world’s largest exchange in terms of volume, hosts the most liquidations, followed by OKX and Bybit.
Bitcoin, which reached a level of approximately $93,400, then corrected and traded at $91,462 at the time of writing. It increased by 5.5% in the last 24 hours and by 24% in the last week.
Future Expectations from Analysts
Various traders and analysts began setting target prices during this period when BTC entered net price discovery.
«Bitcoin will rise sharply above $100,000 and experience a parabolic peak at $130,000» -Dave the Wave.
“Always remember… pigs are fed, pigs are slaughtered. “Don’t be a pig,” said Robert Kiyosaki, adding that the $100,000 level is a good point to stop accumulation.
BitMEX founder Arthur Hayes stated that the Trump administration could push BTC to the $1 million level by launching a large-scale quantitative easing campaign.
Bitcoin is at an important turning point for investors as a result of the recent increases and liquidations. The targets set for the future show that volatility in the market will continue and there may be movements towards higher price levels.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
