Bitcoin soars past $110,000! The wave of short positions getting liquidated ignites market momentum, and the US-China trade negotiations also provide support?
Bitcoin (BTC) price has strongly broken through the 110,000 USD mark, triggering over 320 million USD in short positions liquidations within the past 12 hours. Meanwhile, trade negotiations between the US and China held in London have also boosted the overall market sentiment, with the three major US stock indices generally rising. Amid multiple bullish factors, both the crypto market and the TradFi market are welcoming a new wave of capital influx.
Short positions suffer a "Get Liquidated"! BTC's short-term surge triggers massive liquidations.
The on-chain data platform Glassnode's charts show that during the period when Bitcoin prices surged from $105,000 to $107,000, the amount of shorts getting liquidated sharply increased, skyrocketing from $105,000 to $359,000 in just 4 hours, with the 24-hour moving average reaching a recent high. This price surge coincided with a wave of liquidations, indicating that the market's short positions were excessively leveraged and ultimately got "squeezed".
Glassnode pointed out that the market funding rate was negative in the previous days, indicating a strong short positions sentiment. However, when the price reversed and increased, it instead became a powerful source of upward momentum, further driving up the Bitcoin price.
The rise of crypto assets is diverging, with ETH and HYPE performing prominently.
In addition to Bitcoin's strong breakout, Ethereum (ETH) has also performed well, with a 24-hour increase of up to 8.23%, currently priced at 2,717 USD. Another noteworthy mention is the relatively emerging Hyperliquid (HYPE), which surged 10.84% in the past 24 hours, with a cumulative increase of 48.36% over the past 30 days, becoming a dark horse among altcoins.
Other major coins such as Solana (SOL), Cardano (ADA), and Sui (SUI) have also seen significant gains, reflecting a clear rebound in market risk appetite. However, Dogecoin (DOGE) is still in a downtrend, with a 30-day drop of over 20%, and investors need to pay attention to its volatility risk.
The US and China have restarted trade negotiations, will funds return to risk assets?
In the TradFi market, the United States and China held a new round of trade negotiations in London. U.S. Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick, and Trade Representative Jamieson Greer met with Chinese officials, aiming to promote the recovery of key mineral exports and bilateral economic and trade dialogue. This move is seen by the market as a positive signal that is expected to ease long-standing trade tensions.
Kevin Hassett, director of the U.S. National Economic Council, stated that the U.S. expects China to make a clear commitment so that the U.S. can gradually lift export controls and restore rare earth supplies. Market analysis indicates that this move will help reduce supply chain risks in the semiconductor and technology industries, and indirectly boost investors' confidence in risk assets.
( The resumption of Sino-US trade negotiations is taking place in London: witnessing a key handshake, rare mineral exports become the focus )
US stocks continued to rise, led by technology and semiconductors.
On Monday, the three major U.S. stock indices performed steadily, with the S&P 500 rising 0.09% to 6,005.88 points, the Nasdaq increasing by 0.31%, while the Dow Jones index slightly fell by 1.11 points. Technology and semiconductor stocks clearly benefited from progress in trade negotiations, with Qualcomm announcing a $2.4 billion acquisition of Alphawave, causing its stock price to soar over 4%; AMD rose 4.8%, and Texas Instruments (TI) also increased by more than 3.5%.
It is worth mentioning that Apple released a brand new iOS interface at the WWDC developer conference, but its stock price actually fell by 1.2%, indicating that the market's reaction to its product innovation remains cautious.
This article Bitcoin skyrockets to over 110,000 USD! The short positions liquidation wave ignites market momentum, and the US-China trade negotiations also play a supporting role? First appeared in Chain News ABMedia.
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Bitcoin soars past $110,000! The wave of short positions getting liquidated ignites market momentum, and the US-China trade negotiations also provide support?
Bitcoin (BTC) price has strongly broken through the 110,000 USD mark, triggering over 320 million USD in short positions liquidations within the past 12 hours. Meanwhile, trade negotiations between the US and China held in London have also boosted the overall market sentiment, with the three major US stock indices generally rising. Amid multiple bullish factors, both the crypto market and the TradFi market are welcoming a new wave of capital influx.
Short positions suffer a "Get Liquidated"! BTC's short-term surge triggers massive liquidations.
The on-chain data platform Glassnode's charts show that during the period when Bitcoin prices surged from $105,000 to $107,000, the amount of shorts getting liquidated sharply increased, skyrocketing from $105,000 to $359,000 in just 4 hours, with the 24-hour moving average reaching a recent high. This price surge coincided with a wave of liquidations, indicating that the market's short positions were excessively leveraged and ultimately got "squeezed".
Glassnode pointed out that the market funding rate was negative in the previous days, indicating a strong short positions sentiment. However, when the price reversed and increased, it instead became a powerful source of upward momentum, further driving up the Bitcoin price.
The rise of crypto assets is diverging, with ETH and HYPE performing prominently.
In addition to Bitcoin's strong breakout, Ethereum (ETH) has also performed well, with a 24-hour increase of up to 8.23%, currently priced at 2,717 USD. Another noteworthy mention is the relatively emerging Hyperliquid (HYPE), which surged 10.84% in the past 24 hours, with a cumulative increase of 48.36% over the past 30 days, becoming a dark horse among altcoins.
Other major coins such as Solana (SOL), Cardano (ADA), and Sui (SUI) have also seen significant gains, reflecting a clear rebound in market risk appetite. However, Dogecoin (DOGE) is still in a downtrend, with a 30-day drop of over 20%, and investors need to pay attention to its volatility risk.
The US and China have restarted trade negotiations, will funds return to risk assets?
In the TradFi market, the United States and China held a new round of trade negotiations in London. U.S. Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick, and Trade Representative Jamieson Greer met with Chinese officials, aiming to promote the recovery of key mineral exports and bilateral economic and trade dialogue. This move is seen by the market as a positive signal that is expected to ease long-standing trade tensions.
Kevin Hassett, director of the U.S. National Economic Council, stated that the U.S. expects China to make a clear commitment so that the U.S. can gradually lift export controls and restore rare earth supplies. Market analysis indicates that this move will help reduce supply chain risks in the semiconductor and technology industries, and indirectly boost investors' confidence in risk assets.
( The resumption of Sino-US trade negotiations is taking place in London: witnessing a key handshake, rare mineral exports become the focus )
US stocks continued to rise, led by technology and semiconductors.
On Monday, the three major U.S. stock indices performed steadily, with the S&P 500 rising 0.09% to 6,005.88 points, the Nasdaq increasing by 0.31%, while the Dow Jones index slightly fell by 1.11 points. Technology and semiconductor stocks clearly benefited from progress in trade negotiations, with Qualcomm announcing a $2.4 billion acquisition of Alphawave, causing its stock price to soar over 4%; AMD rose 4.8%, and Texas Instruments (TI) also increased by more than 3.5%.
It is worth mentioning that Apple released a brand new iOS interface at the WWDC developer conference, but its stock price actually fell by 1.2%, indicating that the market's reaction to its product innovation remains cautious.
This article Bitcoin skyrockets to over 110,000 USD! The short positions liquidation wave ignites market momentum, and the US-China trade negotiations also play a supporting role? First appeared in Chain News ABMedia.