Bitcoin jumps to USD $ 114,000 unleashing short settlements for USD $ 320 million

By Hannah Pérez

Bitcoin bounced on USD $ 114,000 after several days of losses. The feeling of investors changes to the eve of October, a historically bubble month for Bitcoin.

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Crypto market shows recovery signals after extended correction.
Bitcoin jumps above USD $ 114,000 and unleashes short millionaire settlements.
More than USD $ 430 million positioned positions in the last 24 hours.
The feeling of the market is changing to the expectation of an upward October.

Bitcoin (BTC), the world’s oldest and largest cryptoc Coingcko.

The rebound, which began during the weekend and continued in the morning of Monday (ET), led BTC to momentarily reach a USD $ 114,191, with a gain of 3.5% in the last 24 hours.

Other main cryptocurrencies, such as Ethereum (Eth), xrp, Binance Coin (BNB), Solarium (Sun) and Cardano (ADA), the trend followed, registering increases between 2% and 4% in the same period. The total capitalization of the cryptocurrency market grew almost 3% in 24 hours, reaching USD $ 4 billion.

SHORT LIQUIDATION OLA

This upward movement triggered a wave of liquidations in the cryptocurrency derivatives market, with a total of more than USD $ 430 million liquidated in the last 24 hours, according to data from data from Coinglass. The short positions (bass bets) represented the greatest weight, with approximately USD $ 320 million liquidated.

Some 107,468 individual operators saw the sudden closure of their positions, being BTC and ETH the most affected assets, with joint liquidations for USD $ 240 million, of which USD $ 217 million correspond to short positions. The largest liquidation order was recorded in Hyperliquid For the ETH-US PAIR, for a value of USD $ 26.02 million.

Macro factors and market seasonality

The crypto market has shown signs of weakening since last month, influenced by a complex macroeconomic context. Persistent inflation in the United States and uncertainty about the course of monetary policy have reduced appetite due to the risk among investors. Last week, more solid economic data in the US. Uu. They took operators to readjust their expectations of feature cuts by the Federal Reserve (Fed).

The US Central Bank. UU. Implemented a 25 basic points cut on September 17, but its president, Jerome Powell, has adopted a cautious approach, suggesting that there is no hurry to apply more cuts this year.

To this is added the bassist seasonality of September, historically a weak month for Bitcoinwith a negative average closure of around 3% since 2013. However, with the closing of September just around the corner, the feeling of the market seems to be changing towards renewed optimism.

Octoberbaptized by the crypto community as “uptober” for its upward trend, has been historically favorable for Bitcoin, With a positive average yield close to 22% since 2013according to data from Coinglass. November has also shown strength, with average profits of 46% in the same period.

“Against the backdrop of a historical year for cryptocurrencies, marked by significant advances for adoption and regulation, these seasonal tail winds could prepare the scenario so that Bitcoin challenges and even exceeds the previous historical maximums before the end of the year“, Said Joel Kruger, market strategist Lmax Groupas he collected COINDESK.

Bitcoin goes up with “uptuber” in sight

The last rebound of Bitcoin It is also aligned with broader macroeconomic trends, such as lower interest rates, which have driven several stock market rates to new records, according to the same report. In addition, institutional merchants have shown support for BTC above USD $ 110,000, although uncertainty persists before the next Employment Report on Friday, which could be delayed by a possible closure of the government in the US. UU., Add that publication.

Beyond October, Bitcoin has historically shown a superior performance during the last quarter of the yearcompared to the three previous quarter, a cyclical factor that has inspired bullish predictions. Analysts from institutions such as Standard Chartered, Bitwise and Bernstein They have projected that Bitcoin It could close 2025 near USD $ 200,000 or more.

At the close of this edition, BTC is quoted around USD $ 113,900, reflecting a gain of more than 5% in September, but even 8% below its historical maximum of more than USD $ 124,000 registered last month.

Article written with the help of AI, edited by Diariobitcoin

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