Liquidated $ 300 million, while Bitcoin is increasing to an 18-week high

Liquidated $ 300 million, while Bitcoin is increasing to an 18-week high

After a few days of sideways trading and even a slip under $ 21,000, the Bitcoin bulls returned on Saturday morning to drive the asset at its highest price since September 13th.

Since most old coins are also in the green area, the number of liquidated short retailers has risen.

• The beginning of 2023 continues to bring good news for the Bitcoin bulls, which were rather discouraged after the painful year 2022. However, BTC had gained over $ 5,000 in the first few weeks of the new year and tapped $ 21 to mark a high of several months ago a few days ago.
• The end of last week was much calmer when Bitcoin was around $ 21,000 and the bulls had to fight for this level, despite the numerous positive signs that indicate the end of the bear market.
• Similar to last Saturday morning, however, they seem to win the upper hand in this fight, since they have not only driven Bitcoin over $ 21,000, but also over $ 22,000. In fact, BTC achieved an intraday high of almost $ 22,800. That has been the highest level in over three months.

BTCUSD. Tradingview

• Most old coins followed this example. After a daily increase of 6.5 %, Ethereum rose to over $ 1,600. Solana and OKB took the lead with massive double -digit price pumps. As a result, Sol is close to $ 25, while OKB is $ 35.
• The crypto market capitalization has also recovered the coveted $ 1 billion mark on coinmarketcap. Of course, these explosive movements have harmed empty sellers.
• The total value of the liquidated positions in the last 24 hours is almost $ 300 million, of which $ 245 million comes from short dealers.