The cryptocurrency market is experiencing a long-awaited rally. Bitcoin surged strongly today (14th), with Binance's price briefly reaching $97,000, hitting the highest level in nearly two months. As key resistance levels were decisively broken, a "short squeeze" scenario unfolded in the market, causing previously bearish speculators to bleed heavily.



CoinGlass data shows that over the past 24 hours, the cryptocurrency futures market has seen over $685 million in liquidations, with short positions accounting for $598 million. Most of these liquidations occurred after Bitcoin broke through $94,500, an important level that traders have been closely watching for a long time, and the first effective breakthrough of this level since November last year.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)