Bitcoin Price Dey Eye $110K After $300M Liquidations
Bitcoin price bin hold small close to $109,000 before e sharp kena go up to around $109,500, as strong bullish energy push am cos traders dey eye the key $110,000 resistance. Trading still steady amidst the market wahala, investors dey wait make something trigger like ETF flows and macro data. Coinglass show say about $300 million derivatives don liquidate in the last 24 hours, increase by 32%. Bitcoin na about $50 million for that matter, mostly short squeezes, while $190 million dey for bearish force close. Altcoins still recover, dem dey trade higher after dem wipe yesterday wahala dem. Traders go dey watch whether this momentum go lead to correct rally wey go last.
Bullish
Di combined news dey yan about how Bitcoin don shift from holding ground around $109,000 come dey surge go $109,500 plus try reach $110,000 mark, the strong bullish movement and short-squeeze liquidations na the main things wey support am. The $300 million wey dem lose for derivatives—$50 million for BTC short positions and $190 million for wider bearish bets—show say the pressure to go up high dey increase. Moderate trading volume and altcoin recovery still dey support the positive market feeling. For short term, this fit make rally strong as traders dey chase the breakout pass the main resistance. For longer term, how ETF money go still dey enter and big macro factors go decide if the bullish trend go last.