During the weekend Bitcoin 
$113,362.30 Short positions accumulated intensively in futures transactions were liquidated by the price of the price upward from the range of $ 110,000 to11,000. According to Glassnode’un data, the upward movement in the price accelerated the rise while providing balancing in the market. The recovery in the morning turned into a new acceleration with the cleaning of position clusters in the market.
Short position dissolution in Bitcoin futures transactions
Intense Short positions As Bitcoin exceeded $ 111,000, he quickly liquidated. Glassnode Analysts said that the liquidations reset the market in a sense and the price was sitting on a more stable ground. This development shows that investors have started to leave behind recent uncertainties.
Coings data shows that the liquidation of exceeding $ 400 million in the last 24 hours. Majority Long positionsWhether the upward break in the short term has paved the way for new purchases to compensate for these losses. The rapid change of investor behaviors was one of the clearest indicators of the wavy structure of the market.
Search for trust in the market
With the liquidation and closure of the Short positions, market participants sought a new direction. In particular, the interest of corporate investors offers additional support to price movements. According to experts, economic data to be announced later on the week of the week Crypto Money Marketwill be decisive in the course of the course.
Bitcoin’s attachment above 110,000 dollars can increase investor confidence and prepare the ground for a wider rise. With the increase in the risk appetite in global markets crypto currencyThe s again settles in the top of the agenda. In short, short -term fluctuations in the market point to a new balance rather than changing the medium -term trend of the market.
