Bitcoin Price Hits Record High, Wipes Out $2 Billion in Short Positions
The crypto market is on fire again as Bitcoin (BTC) surged to a three-month high of $100,000, triggering a wave of liquidations worth nearly $2 billion from leveraged short positions.
Bitcoin Soars After Signs of US-China “Trade Peace”
After months of escalating tensions, the US and China have finally reached a 90-day truce in their trade war, sending a positive ripple effect across global financial markets. While the stock market remains hesitant, cryptocurrencies have been quick to react. The Crypto Fear & Greed Index hit a quarterly high of 70, reflecting renewed confidence in the investment community.
Bitcoin Maximalists Increase Accumulation
As expected, big players like MicroStrategy continue to increase their holdings. Michael Saylor, CEO of the company, announced the purchase of an additional 13,390 BTC at an average price of $99,856/BTC, bringing the total number of Bitcoin held by the company to 568,840 BTC - an unprecedented "huge" number.
Bears "Fall", Leverage Disappears
The Bitcoin price surge has caught short sellers off guard. According to CoinGlass, over $57 million in short orders have been liquidated in the past 24 hours. However, experts warn that this figure could reach $2 billion if BTC surpasses its current all-time high.
The Bitcoin derivatives market is tense. With only 3.2% away from reaching its all-time high, short positions are "waiting to explode". According to technical analysis, the money flow is not yet completely positive (CMF below zero), but the signal from the 200-day EMA suggests that the possibility of sustainable growth is completely grounded.
Risks Remain: Reverse Leverage Could Cause Undercurrents
However, not everyone is optimistic. Analyst Ali Martinez warns that if BTC price reverses to $102,700, it could trigger $1.45 billion in liquidations from highly leveraged long positions. This could trigger a sharp correction in the opposite direction.
Why Does This Matter?
The trade war between the world's two largest economies has caused global markets to shudder. A temporary ceasefire is considered an important turning point, creating a favorable environment for Bitcoin to develop as a safe-haven asset and hedge against macro risks.
If this trend continues, Bitcoin could usher in a new bull cycle, surpassing historical records and completely changing the landscape of global financial markets in the second half of 2025.