Excitement is running high in the crypto market! Bitcoin has surpassed $91,000 in a rally triggered by the liquidation of $241 million in short positions in the last 24 hours, approaching $93,000. With a daily gain of 1%, BTC is consolidating in the 91,500-92,000 range, reaching a market capitalization of $1.82 trillion.
This rise is being driven by expectations of the Fed's December interest rate cut and geopolitical risks. While short sellers are being crushed, whales are shifting positions: One whale closed a $91 million short position for a loss of $1.6 million, moving to 3x long, with a liquidation level of $59,112. Analysts predict a $15 billion short wall at $112,000 – a massive squeeze is possible!$BTC #BitcoinPriceWatch
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Excitement is running high in the crypto market! Bitcoin has surpassed $91,000 in a rally triggered by the liquidation of $241 million in short positions in the last 24 hours, approaching $93,000. With a daily gain of 1%, BTC is consolidating in the 91,500-92,000 range, reaching a market capitalization of $1.82 trillion.
This rise is being driven by expectations of the Fed's December interest rate cut and geopolitical risks. While short sellers are being crushed, whales are shifting positions: One whale closed a $91 million short position for a loss of $1.6 million, moving to 3x long, with a liquidation level of $59,112. Analysts predict a $15 billion short wall at $112,000 – a massive squeeze is possible!$BTC #BitcoinPriceWatch