$ 900 million liquidated with Cripto Market as Bitcoin Tops $ 103K

Bitcoin rose above $ 103,000, causing a wave of forced outputs that resulted in liquidation of over $ 900 million in the last 24 hours.

This is an increase in liquidations of 200% in the previous day, in accordance with Koinglas data. Bitcoin (Btc) Corps accounted for $ 321 million in liquidations. At the same time, the open interest increased by 5% to $ 133 billion, indicating that the new bet entries to the market. The average crypto relative relative strength index also increased to 70, signaling transformed conditions with excessive 70 years.

Spike in liquidations followed a fast leap on the market. With a danger to return to international markets, the total value of the crypto market reached $ 3.3 trillion, the highest level since the beginning of March.

Bitcoin reached the peak of $ 103,460 during Friday on Friday within more than 6% in the past day. Ethereum (El) He led the peak of Altcoin, climbing over 20% to regain $ 2,200 in two months, while Solana (Salt) and XRP (XRP) obtained 8% and 5%, respectively.

Preachable Trade Agreement on US Britain Which President Donald Trump piled 8. Maja opened the rally and gave international markets new hope. This is the case although the Federal Reserve is not change Interest rates on Wednesday, 6. May. But according to CME FevoTch agentThe price markets in the amount of 70% chance that the price is reduced by July and 95% chance that at least one incision until October.

The chain data also shows that the Bitcoin investors become more confident. Realized Bitcoin Cap reached a new total of $ 890.7 billion, her third consecutive weekly record, according to 8. May mail On K by Cryptocuant Associate Carmelo Alman.

This measure, which reflects the total amount of capital invested in Bitcoin based on its latest price movement, indicates the trend of containing accumulation by short-term and long-term carriers.

While the sentiment remains Bullosh, some caution is justifiably justified. Santiment reported that Bitcoin Pause was above 100K levels of dollar levels “to attract significant retail attention. However, the firm warned that the taurus could often mark local peaks.

Meanwhile, General Manager of Real Vision Raoul Pal noted That BTC domination could reach it peak, referring to Demark indicators. If correct, this could signal the beginning of what refers to the “banana zone”, a period of greasy gains in Altcoin. Crypto markets can be prepared for their next bigger leg if the current momentum continues.