Solana

Bitcoin

April

when

James

<p>After a period of relative stability, Bitcoin awoke with a bang, crossing the $64,000 mark and triggering a wave of liquidations in its wake. This sudden movement hit traders who had bet on a market decline hard, causing short position liquidations exceeding $100 million. For many observers, this unexpected rise in Bitcoin marks a turning point and perhaps heralds a more sustained upward phase, often referred to as “Uptober.” But what triggered this storm of liquidations, and what are its effects?</p>
<h2 id="h-une-vague-de-liquidations-massives-les-baissiers-ecrases">A wave of massive liquidations: the bears crushed</h2>
<p><a href="https://www.cointribune.com/en/the-price-of-bitcoin-at-64000-heading-towards-a-new-peak-or-just-a-temporary-rebound/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin’s rise to $64,000 </a>caught many traders off guard, especially those who had adopted short positions.</p>
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<p>By betting on a drop in Bitcoin, they probably hadn’t anticipated such an increase. The result? In one day, more than $101.4 million in short positions were liquidated in the crypto market, with Bitcoin alone accounting for $52.33 million of that total.</p>
<p>Ether, for its part, also participated in the carnage, with short position liquidations reaching $27.26 million.</p>
<p>These massive liquidations are explained by the very nature of short positions. When a trader bets on the decline of Bitcoin, they borrow the cryptocurrency to sell, intending to buy it back at a lower price.</p>
<p>But when Bitcoin gains in value, as in the last 24 hours, these traders must quickly buy back to limit their losses, thus triggering a series of automatic liquidations.</p>
<p>This phenomenon amplifies volatility and accentuates the rise in prices, creating a leverage effect on Bitcoin’s ascent.</p>
<p>Bitcoin’s return to this level not only shook the skeptics, it also reinforced its dominance in the market, bringing it above 58%.</p>
<p>This figure is close to levels last seen in April 2021, reflecting Bitcoin’s growing impact in the current crypto landscape.</p>
<p>The renewed interest in Bitcoin, supported by these forced liquidations, could well mark the beginning of a new chapter in what is traditionally called “Uptober.”</p>
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<h2 id="h-les-perspectives-pour-le-marche-bitcoin-uptober-est-il-vraiment-lance">The outlook for the Bitcoin market: Is Uptober really underway?</h2>
<p>This phenomenon of <a href="https://www.cointribune.com/en/uptober-rate-decreases-etfs-factors-that-could-propel-the-crypto-market-by-the-end-of-the-year/" target="_blank" rel="noopener noreferrer nofollow">“Uptober”</a> has become a sort of mantra for Bitcoin enthusiasts. Historically, October has often been favorable for BTC, with significant gains recorded in nine of the last eleven years.</p>
<p>On-chain analyst James Check aptly summarizes the current mindset with his pithy comment: “Pray for the bears.” This turnaround in favor of the bulls is seen by some as a harbinger of a more sustained rally, potentially comparable to those observed during previous historic upturns.</p>
<p>Some analysts go even further and suggest that this rebound could be one of the most exciting moves of the year.</p>
<p>Kyle Chassé, an influential market observer, <a href="https://x.com/kyle_chasse/status/1845680635513545123" target="_blank" rel="noopener noreferrer nofollow">shared with his 219,000 followers on X</a> that the “tides are changing” and that we are entering a very promising phase for the market.</p>
<p>The optimism surrounding this surge in Bitcoin’s power is not limited to this crypto. Ether, for example, has reclaimed the $2,500 mark, and other altcoins like Solana are also showing impressive gains.</p>
<p>This context of widespread crypto gains seems to indicate that investors are back, encouraged by this positive dynamic. Although uncertainties persist, confidence is gradually installing. In a few days, Bitcoin has not only crossed an important psychological barrier, but has also proven that its dominant position remains unshakeable despite <a href="https://www.cointribune.com/le-bitcoin-au-plus-bas-dans-les-recherches-google-simple-accalmie-ou-signal-dalarme/" target="_blank" rel="noopener noreferrer nofollow">its lowest level in Google searches.</a></p>

Bitcoin Is Soaring Again: The Market Is Getting Excited About This Recovery.

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