Bitcoin's wild price movements led to over $600 million in liquidations. The volatility was unprecedented, as $380 million was lost on bearish trades alone.
Futures of other coins suffered as well, with DOGE facing its largest liquidations this year. Traders are shifting towards riskier bets, indicated by spiking annualized funding rates.
The recent surge to $89,000 reflects a bullish sentiment possibly fueled by political events. Analysts predict a market cap growth to $10 trillion by 2026.
Despite the upward trend, warnings of potential corrections abound. Traders are cautioned against a leverage washout that could follow the recent price spikes.
Collection
[
|
...
]