Rally

Bitcoin ETF

Bitcoin

Million

ORDI

The leading cryptocurrency Bitcoin rose above $ 40,000 after a long time, making investors happy. 
Related News: <a href="https://en.bitcoinsistemi.com/bitcoin-btc-passed-41000-here-is-the-latest-data-and-the-most-important-level/" target="_blank" rel="dofollow">Bitcoin (BTC) Passed $41,000! Here is the Latest Data and the Most Important Level</a> 
At this point, while BTC rose to the level of $ 41,700, there were also significant increases in altcoins. 
Commenting on this rise of Bitcoin, analysts think that increasing optimism about the approval of the spot Bitcoin ETF in the USA and dovish statements made by the FED triggered this rise. 
Some analysts argue that ETF optimism and positive statements from the FED, as well as the clearing of these increasing short positions, also support the rise. 
While these increases were experienced in Bitcoin and altcoins, investors in short positions were also left in reverse and liquidated. 
At this point, according to data from CoinGlass, $208.9 million was liquidated in crypto futures in the last 24 hours. Of this, $161.95 million consisted of short positions and $47.2 million consisted of long positions. 
<img decoding="async" class="alignnone wp-image-128231" src="https://www.bitcoinsistemi.com/wp-content/uploads/2023/12/Ekran-Resmi-2023-12-04-11.21.18.png" alt="" width="510" height="242"> 
Among liquidated short positions, Bitcoin ranked first with $81.23 million. After BTC, $30.79 million was liquidated in Ethereum (ETH), followed by ORDI and Solana (SOL). 
<img decoding="async" class="alignnone wp-image-128230" src="https://www.bitcoinsistemi.com/wp-content/uploads/2023/12/Ekran-Resmi-2023-12-04-11.21.13.png" alt="" width="633" height="334"> 
Looking at the liquidation amounts in the exchanges, Binance saw a total liquidation of $ 80 million, OKX $ 56 million, and Huobi $ 23 million. 
Bitcoin continues to trade at $41,600 at the time of writing. 
*This is not investment advice. 
 Continue Reading: <a href="https://en.bitcoinsistemi.com/rally-in-bitcoin-upset-the-bears-while-btc-exceeded-41000-200-million-evaporated/">Rally in Bitcoin Upset the Bears! While BTC Exceeded $41,000, $200 Million Evaporated!</a>

Rally in Bitcoin Upset the Bears! While BTC Exceeded $41,000, $200 Million Evaporated!

Bitcoin Sistemi EN

Other articles published on Dec 4, 2023

Terra Classic (LUNC) emerges as top gainer with massive 73% surge

Bitcoin Price Rally Continues Amid High Anticipation for Spot ETF Approval

DOGE, INJ and MATIC in the Spotlight As Analyst Unveils Week’s Crypto Watchlist

Expert Investor Declares: When Will Bitcoin Hit $500,000?

Binance Research: NFTs witnessed turnaround in November, reversing year long downward trend

Bitcoin Exchange Binance Restarted Withdrawals of 12 Altcoins It Delisted

Join our free newsletter for daily crypto updates!