Bitcoin (BTC) 
$98,048 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.
Bitcoin and Historic Days
According to crypto 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. Binance, the largest exchange by volume, hosted the majority of these liquidations, followed by OKX and Bybit.
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.
Expectations from Traders
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.
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.
