Bitcoin Surpasses $115,000! Millions of Dollars in Short Positions Liquidated! Here Are the Details

Bitcoin (BTC) surpassed the $115,000 level over the weekend, reaching its highest level in the last two ￰0￱ Surpasses $115,000: $347 Million in Short Positions Liquidated BTC rose 3% in the last 24 hours, while Ethereum (ETH) gained 6% to $4,187. XRP and BNB gained 2%, and Solana gained 5.7%. “These price movements are not temporary jumps, but part of a sustainable trend driven by tightening on-chain supply, technical indicators, and macroeconomic support,” said BTC Markets analyst Rachael ￰1￱ rise was fueled by reports that the US and China will reach an agreement on a framework for a trade deal during their meeting in South Korea next ￰2￱ to Lucas, “Markets are reacting positively to a potential improvement in US-China relations, which is providing support to risk assets, particularly cryptocurrencies.” Additionally, the expectation of a 25 basis point rate cut at this week's Fed meeting is boosting investor ￰3￱ Group's FedWatch tool shows a 96.7% probability of a rate ￰4￱ this rally, approximately $347.5 million worth of short positions were liquidated.

“This is a typical short squeeze; bearish investors were forced to close positions, accelerating the price rally,” said Vincent Liu, CIO of Kronos ￰5￱ predict that Bitcoin could rise to the $130,000-$150,000 range towards the end of the year, driven by the traditional “Christmas Rally.” *This is not investment ￰6￱ Reading: Bitcoin Surpasses $115,000! Millions of Dollars in Short Positions Liquidated! Here Are the Details