Bitcoin

Arthur

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-surpasses-93000-and-traders-face-heavy-losses/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin Surpasses $93,000 and Traders Face Heavy Losses</a><br></p>
<p style="text-align: justify">Bitcoin (BTC) has reached a historic milestone, surpassing the $93,000 mark for the first time. Short-term traders, particularly those taking short positions in futures, have faced significant losses. Total liquidations have exceeded $700 million and appear to be ongoing.</p>
<h2 id="bitcoin-and-historic-days">Bitcoin and Historic Days</h2>
<p style="text-align: justify">According to <a href="https://en.coin-turk.com/crypto-investors-guide-factors-and-forecasts-affecting-bitcoin-prices/" data-wpel-link="internal" rel="noopener noreferrer nofollow">crypto</a> exchange data aggregator Coinglass, positions worth $711,340,000 were liquidated in the last 24 hours, with the majority coming from short positions on BTC. <a href="https://en.coin-turk.com/binance-engages-former-doj-prosecutor-for-defense-in-sec-case/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Binance</a>, the largest exchange by volume, hosted the majority of these liquidations, followed by OKX and Bybit.</p>
<p style="text-align: justify">Bitcoin briefly reached around $93,400 before correcting to trade at $91,462 at the time of writing. It has seen a 5.5% increase in the last 24 hours and a 24% rise over the past week.</p>
<h2 id="expectations-from-traders">Expectations from Traders</h2>
<p style="text-align: justify">Various traders and analysts have begun setting target prices as BTC enters a period of price discovery. Dave the Wave predicts, “Bitcoin will sharply rise above $100,000 and experience a parabolic peak at $130,000.” Robert Kiyosaki warns, “Remember, pigs get fat, hogs get slaughtered,” suggesting that the $100,000 level is a good point to stop accumulating.</p>
<p style="text-align: justify">Arthur Hayes, founder of BitMEX, believes that the Trump administration’s large-scale quantitative easing campaign could push BTC to $1 million. Bitcoin is currently at a critical juncture for investors due to recent price increases and liquidations. The targets set for the future indicate that market volatility will continue, potentially leading to higher price levels.</p>
<p>The post <a href="https://en.coin-turk.com/bitcoin-surpasses-93000-and-traders-face-heavy-losses/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin Surpasses $93,000 and Traders Face Heavy Losses</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal" rel="noopener noreferrer nofollow">COINTURK NEWS</a>.</p>

Bitcoin Surpasses $93,000 and Traders Face Heavy Losses

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