BTC rose above $116,000, causing another wave of short 0 leading coin extended the late Sunday rally, breaking the expectations for another 1 recovered above $116,000 briefly, extending the wave of short 2 leading coin rallied to $116,032, before sinking again to the $115,800 3 Monday, BTC extended the gains from the weekend, mostly based on attempts to liquidate the available short 4 move above $116,000 caused another wave of $19.15M in new 5 extended its dominance to 57.7%, though currently the market is not categorically in BTC 6 the recent recovery, BTC achieved a slim net gain of 1.21% in 7 leading coin has been unusually volatile in the past month, causing a market-wide capitulation.
Historically, BTC is in the green in October, but the recent dips may make the month one of the worst-performing for the past few 8 is still facing the monthly options expiry and a new week of potentially volatile trading before showing the final October 9 short interest increased ahead of rally The recent rally arrived after BTC increased its open interest from lows of $33B to over $36B. Around 40% of the open interest is in short positions, potentially triggering liquidations similar to Monday’s 10 Hyperliquid , whales have the same ratio of long to short 11 trader James Wynn also opened a relatively small short position from his main known account, with a liquidation price of $117,470.
The available short liquidity expanded the price move, with Binance this time leading as the venue of the biggest short 12 now has much thinner liquidity up to $120,000, and a short squeeze is not a probable driver of another climb to all-time 13 liquidated most short positions, now potentially facing a downturn to the levels of accumulated long liquidity. |
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